Nepal Visioning a New Era of Power, Profit & Success in Business
They say nothing is impossible, even if you are bruised you can regain your strength by consistent hard work and striving smartly. Don’t you think this is the fact? In fact, success is not achieved in one night it is a series of hard and smart work. Accomplishment is accompanied by cherishing both tailwinds and headwinds in business. And this is the scenario of epitome of natural beauty, Nepal.
Nepal is the most beautiful place which is known to be the heaven on earth, thus tourism and hospitality are the most profitable sectors of Nepal. Although, Nepal is surrounded with multiple risks such as an erratic monsoon, which could dampen agricultural growth; a renewed spike in commodity prices or continued food export bans by India which would raise prices and higher inflation which could keep policy rates elevated, increase domestic debt servicing costs, and drag on growth, yet it is striking harder for trailblazing transformation. According to Nepal Development Update, predicts that Nepal’s economy to grow by five percent in FY25. Henceforth, Nepal is getting ready for restoring competitiveness in trade and business.
“Amid challenges, Nepal is leading the way towards operationalizing its green, resilient, and inclusive development vision to shape the country’s long-term economic recovery,” said Faris Hadad-Zervos, World Bank Country Director for Maldives, Nepal, and Sri Lanka. Further he adds, “Improved external competitiveness is the key to driving this recovery and enabling Nepal to compete in export markets, in terms of both prices and quality. This requires emphasis on reforms to help increase domestic productivity and reduce the inflation differential with Nepal’s trading partners.”
In addition, adding to the ray of hope for Nepal and Nepalis, according to World Bank’s twice-a-year country update, Nepal economy will soon rebound 3.9 percent in FY24 by the lifting of import restrictions, strong rebound in tourism, and the gradual loosening of monetary policy. Therefore, deterioration and deficits will be slowly yet steadily eradicated with flying colours. Smart planning and accurate action is paramount important and demand of the hour.
Further, young entrepreneurs are nowhere behind. The Nepal government is enhancing their budding passion with the fusion of funds, policies and sustainable techniques. The bright days are not so far. Nepal is already heaven when it comes to nature and its beauty, sooner it is going to escalate its standards in business with ground breaking developments and initiatives like Sasto deal, Nepal's local leading e-commerce powerhouse, has unveiled an exclusive partnership with Sales berry, achieving an extensive inventory of over 100,000 plus SKUs.
The two dignitaries have visualized positive vision for Nepal’s quick come back. According to Sastodeal's Chief Executive, Amun Thapa, “We are embarking on an exceptional journey, partnering with an iconic brand that has dominantly graced the retail industry for three illustrious decades. With Salesberry's extensive inventory, exceptional assortment of quality brands and products, and unmatched pricing, we are steadfast in our mission to establish a pioneering standard for online shopping in Nepal”. Further, Sushil Man Pradhananga, founder and chairman of Salesberry, expressed his optimism in the statement stating, “I am genuinely excited about our exclusive partnership with Sastodeal. This strategic alliance with a pioneering e-commerce giant such as Sastodeal exemplifies our unwavering commitment to innovation. We eagerly anticipate harnessing our expansive inventory and technological prowess to reshape the e-commerce landscape in Nepal, promising customers an unparalleled online shopping experience”.
The change has begun with a great kick start that is embarking into a new era of business. Slowly yet steadily Nepal is reshaping and regaining its position in terms of business and power.
Nepal is the most beautiful place which is known to be the heaven on earth, thus tourism and hospitality are the most profitable sectors of Nepal. Although, Nepal is surrounded with multiple risks such as an erratic monsoon, which could dampen agricultural growth; a renewed spike in commodity prices or continued food export bans by India which would raise prices and higher inflation which could keep policy rates elevated, increase domestic debt servicing costs, and drag on growth, yet it is striking harder for trailblazing transformation. According to Nepal Development Update, predicts that Nepal’s economy to grow by five percent in FY25. Henceforth, Nepal is getting ready for restoring competitiveness in trade and business.
“Amid challenges, Nepal is leading the way towards operationalizing its green, resilient, and inclusive development vision to shape the country’s long-term economic recovery,” said Faris Hadad-Zervos, World Bank Country Director for Maldives, Nepal, and Sri Lanka. Further he adds, “Improved external competitiveness is the key to driving this recovery and enabling Nepal to compete in export markets, in terms of both prices and quality. This requires emphasis on reforms to help increase domestic productivity and reduce the inflation differential with Nepal’s trading partners.”
In addition, adding to the ray of hope for Nepal and Nepalis, according to World Bank’s twice-a-year country update, Nepal economy will soon rebound 3.9 percent in FY24 by the lifting of import restrictions, strong rebound in tourism, and the gradual loosening of monetary policy. Therefore, deterioration and deficits will be slowly yet steadily eradicated with flying colours. Smart planning and accurate action is paramount important and demand of the hour.
Further, young entrepreneurs are nowhere behind. The Nepal government is enhancing their budding passion with the fusion of funds, policies and sustainable techniques. The bright days are not so far. Nepal is already heaven when it comes to nature and its beauty, sooner it is going to escalate its standards in business with ground breaking developments and initiatives like Sasto deal, Nepal's local leading e-commerce powerhouse, has unveiled an exclusive partnership with Sales berry, achieving an extensive inventory of over 100,000 plus SKUs.
The two dignitaries have visualized positive vision for Nepal’s quick come back. According to Sastodeal's Chief Executive, Amun Thapa, “We are embarking on an exceptional journey, partnering with an iconic brand that has dominantly graced the retail industry for three illustrious decades. With Salesberry's extensive inventory, exceptional assortment of quality brands and products, and unmatched pricing, we are steadfast in our mission to establish a pioneering standard for online shopping in Nepal”. Further, Sushil Man Pradhananga, founder and chairman of Salesberry, expressed his optimism in the statement stating, “I am genuinely excited about our exclusive partnership with Sastodeal. This strategic alliance with a pioneering e-commerce giant such as Sastodeal exemplifies our unwavering commitment to innovation. We eagerly anticipate harnessing our expansive inventory and technological prowess to reshape the e-commerce landscape in Nepal, promising customers an unparalleled online shopping experience”.
The change has begun with a great kick start that is embarking into a new era of business. Slowly yet steadily Nepal is reshaping and regaining its position in terms of business and power.
