Potencial of NepalGroup D•Santosh Adhikari•Sushila Chunn•Shreesaran Adhikari•Kritee Dhakal•Rodhika Thapa•Pratil Koju

Nepal

• Overview of Nepal• Challenges of Nepalese economy• Potentials

– Agriculture– Tourism– Forestry and Medicinal herbs– Hydropower– Service sectors

Agriculture

• Scope of agriculture– Agricultural country– Availability of cultivatable land– Agricultural industries– Back bone of Nepalese economy– Job creation

Agriculture

• Challenges– Traditional methodology– Reliability in monsoon rain– Poor irrigation facilities– Illiterate farmer – Dominance of food crops– Non commercialization

Agriculture

• Remedies– Modernization in agricultural

methodology– Immediate need of development of

irrigation system– Incentives by government for farmer– Provide training to farmer– Conduct researches

Tourism

• Scope of tourism– Natural beauty– Religious and holy places– Art and architecture– Favorable climate– Cultural diversity– Relatively cheaper to stay

Tourism

• Challenges– Poor physical connectivity– Political instability– Lack of advertisement in foreign

countries– Not being prioritized– Poor performance in preserving artificial

and natural heritage– Airports

Tourism

• Remedies– Restoration of natural and artificial

heritages– Produce trained manpower in the sector

of tourism– Develop tourism as a good investment

sector

Forestry and Medicinal herbs

• Scope– Rich in floral diversity (about 1,400 kinds of

medicinal plants utilized currently)– Furniture is one of the key export of

Nepal– Manufracturing Ayurveda medicinal

products– Some of the most important herbs are

• Yarsagumba, Chilauni, Datura, Mulapate,Timur, Laghu patra etc.

Forestry and Medicinal herbs

• Challenges– Utilization of only fractions of all the

medicinal herbs available– Not given serious concern by

government– Inability of knowing those herbs by

concern people– Deforestation– Lack in Ayurvedic industries

Forestry and Medicinal herbs

• Remedies– Conduct proper research– Strict laws against deforestation– providing incentives to farmer to

commercialize these herbs– Government should encourage investors

to invest in ayurvedic fields

Hydropower

• Scope of Hydropower– Rich in water resources– Electricity being one of the main

challenges for Nepalese economy– Estimated capacity of producing 8300

Megawatts of electricity– Long-term investments

Hydropower

• Challenges– Lack of investments– Corruption– Lack of qualified engineers– Political interference in hydropower

projects

Hydropower

• Remedies– Encourage domestic and international

investor to invest in hydropower– Control corruption– Seriously avoid political intervenes– Proper preservation of existing

hydropower– Conduct researches for possible places

to set up new projects

Conclusion

• Nepal is not a economically poor country• Just, it’s not fully exploiting its potentials• These potentials can obviously make

Nepal a economically strong• Knowing the challenges and tackling them

is the key factor.• Government should prioritize these sectors

in its budgetallocation

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