Joint Venture of Nepal-Korea in BioTech

The medicinal plant is going to be established in joint venture of Nepali and South Korean investors.The industry will use medicinal plants available in Nepal as raw materials for their product.
Himalayan BioTech of Nepal and Korean investor are investing Rs. 400 million for establishment of this company. There will be 30 percent contribution of Himalayan Biotech and rest will be funded by Koreans.
According to Mr.Janardan Lamichheni ,consultant of Himalayan Biotech,the Plant will be established with in year."we are looking for the location in Sitapaila in Kathmandu and in Bhaktapur but the location is not fixed yet."said Mr. Lamichheni.
The plant will produce beauty products and  food additives.These products will be produced by using herbal plants . The company is planning to produce beauty products in first phase and food additives in second phase and allopathic drugs in third phase.

World Bank kept Nepal in the blacklist

World bank kept Nepal in the blacklist as it tops the lowest capacity for getting loan form international market.

The report published by world bank in Saturday kept Nepal in CCC+ .according to report CCC+ means high default risk (High risk for loan) .There will be problem in foreign direct investment and loans after rated as CCC+.

The rating is done by taking the reference of the gross national income(GNI),gross national product(GDP),export /loan ratio,deposit for import,movement of growth rate,devaluation of money fulfillment of legal obligations are the basis of the evaluation which indicated Nepal as poorest country and kept in black list .

But the government officials claims that the condition of Nepal is not poor as said by World bank.according to Mr. Keshav Acharya,ex-senior consultant of ministry of finance said that we have some weakness and it is not good reason for keeping in black list. he claims that due to lack of rule of law in the country may have bad impression in the report.

Till now Nepal hadnot taken large scale loan  from outer world expect world bank, International Monetary Fund(IMF) and Asian Development Bank(ADB) .There was delay in repayment of loan from the Russia .The so called  “Sovern” rating in the world bank report also indicates the economic development of the  the nation.International investor and lenders analyse the  and evaluate according to the sovern rating then they are going to lend money for any country.

The world economic forum also rated Nepal in 131 places In 2011.”This creates bad image of Nepal in international arena and threaten the small investor who are cooperating with Nepali investors.“ Said Economist prof.Dr. Bishombhar pyarakul.

According to report the condition is worst than that of Iraq.”This is responsible for the withdrawal of the previously committed international investments.” Mr.Pyarakul added.

He argued that such rating doesn't cause direct impact as Nepal had not any  big international investments but the possibility of future investment will become low.

According to report ,the rating creates “ceiling” for taking loan although the nation had not taken loan from international market.

Business Developmant Plan -Graduate Seminar in Snapshot.

The Graduate Seminar of Business Development Plan of MBA IVth trimester was succesfully completed in August 23,2011,here is some of the snapshot of the program.

Mr.Anil Gupta

Mr.Anuesh

Mr.Arbin

Mr.Basant

Mr.Binay

Mr.Buddhi

Mr..Dipesh

Mr.Jitendra

Mr.Bishnu

Mrs.Kalpana

Mrs.Kritana

MBA 5th Batch with Guest

MBA 5th Batch with Guest

Mr.Dipendra

Mrs.Shanti

Ms.Nina

Mr.Nischal

Mr.Nitesh

Mr.Pradeep

Mr.Ram Prasad

Mr.Ramindra

Mr.Rishabh

Mr.Sandesh

In Tea Break

Mr.Santosh

Ms.Samjhana

Ms.Manju

Ms.Shanti Devi

Mr.Surya

Mrs.Yasodha

Mr.Rabindra Ghimere And Mr.Shree Ram Adhikari

Thanks speeches by Mr.Bishnu & Ms. Nina

Speech by Mr.Shree Ram Adhikari

Food price increased by 33 percent

The people from developing countries  became more prone to food crisis due to increase prices of food commodity world wide.The price of food became 33 percent high in this July than at the same time of last year.

According to the  food commodity price monitoring report recently published by world bank  indicate that unstable price of food commodity increased the risk of food crisis for poor people in the developing nations.

The Report shows that there is  increase of price in maize by 84 percent,sugar by 62 percent,barley by 55 percent and soya bean by 47 percent  and all together there is increase of aggregate price by 33 percent. The price of crude oil is increased by 45 percent in compared to July 2010 which caused 67 increase in production cost .

The report shows that the  world wide food storage  is decreasing and the instability in the price of  sugar,rice and petroleum may cause undetectable effect on coming months.The report said “The unstable  world economy and political instability in middle east and African nations may cause fluctuation in price of  petroleum  may continue .

The story of the cardamom

Source:Kantipur Daily 2068/04/30

In 1997 B.S,Mr.Damber Bahadur Rai of Surkhim VDC of Taplejung,the district joining the border with India ,brought the saplings of cardamom when he return back to home in his holidays. He was the army of Gorkha battalion in India .he got that saplings as present from his commander for his good job in the army. To show the family, he planted those cardamom near by the house and he returned back to the battalion . thereafter his parents spread the cardamom all over the village.

A 75 years old Mr. Gopi Paudel from Sikaicha worked in the cardamom orchard in his young days in Sikkim,  which was owned by one of the Lepcha Merchant of  Sikkim .he worked there for 2 years and returned with the bag full of cardamom  saplings.

According to district agriculture development office ,it was believed that cardamom was first entered in Ilam from Sikkim.In fiscal year 2064/65 there was export of 1 thousand 9 hundred  and 92 Mt. cardamom from the Taplejung district .but the data is different from that of FNCCI Taplejung as they have recorded 3 thousand 5 hundred Mt.

Nepal is number one producer of cardamom in the world where as Taplejung is the highest producer with in the country.

Prosperity by cardamom

Mr.Shiva Gurung, local cardamom producer imagined that he may be digging roads or working as potter or may be in any Arab nations as labor if he had not planted the cardamom.

Because of cardamom he has better life now. He has invested his earnings from cardamom in more than half dozens of other industry. He had invested at least 7 lakh in Radio Taplejung and Kanchanjanga  cooperatives. His children  are in private schools and he has built his house by cultivation of cardamom.

Insurance development in Nepal

After the establishment of the first commercial bank, Nepal bank limited and some other industries like Biratnagar jute mill and juddha match factory ,etc in 1992 B.S,rana priminister juddha shasher brought the concept of insurance policy in Nepal ,which was the stepping stone in the development of modern insurance  in Nepal. There was no insurance corporation registered in Nepal before 2004 B.S  and the Indian insurance company was operating its business in Nepal .

In 2004 B.S  Nepal bima and chalani company was established to provide insurance of trade between india and Nepal .later on Nepal bank ltd invested for establishment of Nepal insurance and transport company in 2016 B.S. which was renamed as Nepal insurance company ltd .

Therefore at the time, the insurance was heavily dependent on the agents of Indian companies mainly Indian life insurance corporation ,oriented fire and general insurance company ,ruby general insurance company and sterling general insurance company.

A joint venture company of public and private sector named rastriya bema shasthan  was established in 2024/09/01 .In 2025 ,rastriya bema shansthan was changed into corporation from private company under rastraya bema shansthan act 2025.

Nepal life and general insurance company private limited was the first insurance company established from private sector in 2043 B.S.they started business in 2044. Currently there are 18 insurance in operation among them 3 have participated in life insurance business.

Services industry registration increased in Kathmandu valley

According to small and cottage industry  department  there was registration of 15 thousand 4 hundred and 75  services company  in the  capital city fiscal 2066-67  . the number is 3 thousand 6 hundred 44  more than in production industry .there was registration of only  11 thousand 8 hundred 31 company  in production sector in three district  of Kathmandu valley

The government has not entertain the registration of production company in municipality area of the Kathmandu valley. hats why there is more service sector industry  registered in Kathmandu valley.

Mainly Hotel  and restaurant ,beauty parlor ,travel agency, consultancy are more registered in this time.it is mainly due to the prohibition in the establishment of  production industry  in municipality are in the Kathmandu valley.

There were  registrations of  2 lakh 29 thousand 6 hundred 83  industry after 2046. Among them 1 lakh 18 thousand industry has been shut down due to lack of investment friendly environment, lack of raw materials,labour and strikes.

Sericulture development in Nepal

In the history of sericulture development in Nepal, the initiation is done by the then rana priminister Chandra shamsher in 1911 A.D. at the beginning the mulberry sericulture was initiated by using multivoltine Indian silk sericulture which was experimented in Birgung with the help of Indian sericulture specialist .

Thereafter ,in 1940, another rana priminister judha shamsher continued the sericulture development bu organizing silkworm rearing exhibition in Kathmandu with the help of Indian specialist .in 1950 mulberry sapling were planted in godawori .

After the establishment of cottage industry department, it initiated exhibition of sericulture in its own compound in 1953-54.for that purpose the seed of silkworm were imported from India.

In 1967-68 Japanese experts conducted pre feasibility study and it was followed by feasibility study by republic of Korea  for the development of sericulture in Nepal .those studies suggested that Nepal has high potential for development of high yielding bivoltine cocoons and raw silk of international quality.

In 1989,FAO experts –two from Korea and one from India studied the agro climatic conditions of Nepal .they analyzed existing local mulberry varieties, silkworm egg supply, reeling facilities and other infrastructure conditions  and recommend suitable technologies, infrastructure for applied research and multiplication of silkworm breeds ,reeling machinery’s, technical manpower and training.

Sericulture for rural development program was launched by UNDP in 1998. The program was launched through cluster poket area approach with four cluster in 7 districts viz.palpa,syanja.dhading,chitwan, kavre, Kathmandu and ilam

38 districts of central midlands of the mid hills altitude ranging from 750 to 1500 meter including the slopes and valleys between the mahabharat range and shiwalik ranges(Kathmandu and Pokhara valleys)are agro climatically suitable for silkworm production.

The low land ranging 100-750 meter which includes terai and inner terai (dang and chitwan valleys)are ideal for sericulture development in Nepal.