The post Nepal, Bangla To Meet on Energy Trading, Investment appeared first on Nepali Sansar.
]]>According to a recent update, both the countries have agreed upon to hold a two-day secretary-level bilateral meeting in the month of November 2018.
Towards this end, the Ministry of Energy Water Resources and Irrigation (MEWRI) of Nepal forwarded the proposal to Bangladeshi authorities to conduct a meeting of Joint Steering Committee (JSC), supported by the Energy Secretaries of both countries and a Joint Working Group (JWG) under the Joint Secretary of the Energy Ministries of both nations.
While the meeting during November 15-16, 2018 is yet to fix its agenda, a Nepal Electricity Authority (NEA) official has reportedly informed that the discussion will be around two key agendas: Trading in energy sector between the two countries and Bangladeshi investment in Nepal’s hydropower sector.
“Once we hear back from the Bangladeshi authorities, we will finalize the agenda to be discussed in the meeting,” informed Dinesh Kumar Ghimire, Joint Secretary of MEWRI.
NEA is planning on export of power generated from Nepali hydropower projects to Bangladesh through the infrastructure support in the Indian territory.
On the other side, Bangladesh has also been keen on investing in Nepal energy sector, especially the hydropower sector.
Background
The two sides formed new mechanisms in this regard last month after signing MoU on energy cooperation in August 2018. In the same meeting, the two countries decided to form a JWG and a JSC to track the progress of discussions and provide relevant direction, which finally resulted in a scheduled meeting.
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]]>The post Nepali Firms Conferred with Business Excellence Awards 2017 appeared first on Nepali Sansar.
]]>This is the first edition of NBEA 2017 jointly hosted by the Confederation of Nepalese Industries (CNI) and the US-based global consulting firm Frost & Sullivan.
NBEA 2017 recognized the Nepali companies based on the adoption of best practices and investor-friendly business models that have a major impact on business and society in Nepal.
The awards ceremony began with the interactive panel discussion titled “Nepalese companies will be globally competitive by 2022 – An utopic assumption or a possible reality?” that dwells on the role of business excellence, industry challenges, government policies, among other issues that are key in the global business environment.
Awards were divided into Silver, Gold and Platinum categories and one of Nepal’s largest trading firms Sipradi Trading Private Limited was honored with the ‘Super Platinum Award’ for outstanding performance in overall business practices.
Nepal SBI stood as the first runner-up, followed by Vijay Distillery and Mega Bank Nepal with ‘Gold Award’, among others.
Speaking on the side-lines of the awards, CNI President Hari Bhakta Sharma called on the Nepali companies to “adopt internationally-accepted systems to boost efficiency, output, competence and corporate culture to stay relevant in the market”.
“Nepal is heading towards policy stability, leading to steady economic growth and opening up vast investment and expansion opportunities for companies,” he added.
Meanwhile, Nitin Kalothia, Director, Manufacturing & Process Consulting Practice, Frost & Sullivan, said, “The awards will enhance awareness and accelerate the adoption of global best practices among Nepali companies. This will further improve growth, profitability and competitiveness of the organizations.”
The awardees were evaluated based on the four core business processes including Business Planning, Strategy Alignment and Deployment, Organization Building, Process Management and the Final Business Result.
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