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