Empowering Nepal's Industrial Revolution

The manufacturing industry in Nepal has been observed to be on the rise due to the internal and external forces. In the recent past, the government of Nepal has tried to promote this industry a lot as it can help in the process of diversification of the economy and also in the generation of employment. This has been as a result of factors such as infrastructure developments, incentives to FDI, and a strategic direction of improving industrial capacities. At the core of this growth is the sector’s business leadership which has a critical role to play in the future evolution of the sector. While these leaders are taking advantage of the incentives provided, they are also pushing change, productivity, and profitability in their operations. They are crucial in managing the dynamics of the domestic and global marketplaces, which guarantee Nepali goods’ compliance with international standards and access to new markets.

Nepalese business professionals are also involved in the creation of entrepreneurial culture. It is involved in the process of coaching startups and small businesses giving them the tools and information required to grow. This support is very important given that new enterprises are faced with several challenges such as finance and human capital. Also, these leaders are trying to create a better industrial environment through lobbying for favorable policies to the manufacturing sector and through technology and talent development. Their role is not only limited to their companies, they are building the foundation of a solid structure that will enhance the entire sector.

It is with the view of staying updated with the emerging trends in this region’s business landscape that Asia Business Outlook has come up with a special issue containing stories of leaders who have demonstrated their capability through their expertise. To strengthen this region’s business landscape with their tightly-knit and result-oriented approach, they are setting new standards of effectiveness.

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