KATHMANDU, APR 15 - 2013
Despite protracted political transition, late budget presentation and extended power cuts, the private sector is keen on investing. Leading business houses are spending billions in 2070 for their new projects.
Nimbus Holdings, one of the country’s fastest growing business groups, plans to invest Rs 1 billion this year in the agriculture sector. Nimbus Managing Director Anand Bagariya said his group will invest in three new projects — all associated with agro processing-grain storage, soyabean processing and edible oil.
Nimbus, which came into limelight for agribusiness and animal nutrition business, also plans to venture into fast moving consumer goods (FMCG) sector. “Although we are working on items that can be manufactured from the processing unit, the soybean processing unit being set up in the Eastern Nepal will be the foundation for manufacturing of FMGC products,” said Bagariya.
Nimbus is in the process of setting up an edible oil plant around Butwal to replace increasing import. “As our company has been engaged with the agriculture sector since its inception, we are concentrating more on it,” he said.
After establishing itself as a dominant player in the construction material sector, especially cement and steel, Shankar Group plans to further consolidate with a new clinker plant.
Shankar Group Managing Director Sahil Agrawal said his group, under a joint-venture with Ambe Group, is establishing a clinker plant with production capacity of 1,900 tonnes per day. The Rs 5-billion plant will be set up near Kathmandu. “We have a long experience in cement production,” said Agrawal. “We are utilising the experience to the best in a bid to explore more market opportunities.”
Shankar Group is also strengthening its presence in automobile sector. Though he did not divulge the details, Agrwal said his group will be bringing in new four-wheelers and commercial vehicles in the market within the next six months.
Lomus Group plans to boost medicine exports this year. The group, which mainly focuses on medicine and cement production, plans to increase its medicine exports abroad. Lomus executive director Pradeep Jung Pandey said his company will start exporting drugs to African countries. Pandey’s Lomus Pharmaceuticals recently began exporting a few drug items to Nigeria. “We will increase the export variety and find new destinations,” he said.
Realising the potential of the tourism sector, NE Group is planning to get into resort business with an investment of Rs 750 million. NE Group Vice Chairman and Managing Director Ravi Bhakta Shrestha said the group will establish three international-standard resorts in three tourist hubs — Chitwan, Pokhara and Nepalgunj — within a year. “There is still a huge necessity for resorts to cater to the demand of tourists,” said Shrestha. “Resort is a low-risk business that requires less investment and ensures instant and high returns.”
Some new ventures are coming into operation this year itself. Hester Bioscience Nepal, a joint venture between Him Electronics and Hester Biosciences of India, is all set to start animal vaccine production. “This is our group’s first venture into the area of medicine and livestock,” said Him Electronics Managing Director Shekhar Golchha. “So we want this plant to come into operation first and then go for the next project.”
Source: The Kathmandu Post
Despite protracted political transition, late budget presentation and extended power cuts, the private sector is keen on investing. Leading business houses are spending billions in 2070 for their new projects.
Nimbus Holdings, one of the country’s fastest growing business groups, plans to invest Rs 1 billion this year in the agriculture sector. Nimbus Managing Director Anand Bagariya said his group will invest in three new projects — all associated with agro processing-grain storage, soyabean processing and edible oil.
Nimbus, which came into limelight for agribusiness and animal nutrition business, also plans to venture into fast moving consumer goods (FMCG) sector. “Although we are working on items that can be manufactured from the processing unit, the soybean processing unit being set up in the Eastern Nepal will be the foundation for manufacturing of FMGC products,” said Bagariya.
Nimbus is in the process of setting up an edible oil plant around Butwal to replace increasing import. “As our company has been engaged with the agriculture sector since its inception, we are concentrating more on it,” he said.
After establishing itself as a dominant player in the construction material sector, especially cement and steel, Shankar Group plans to further consolidate with a new clinker plant.
Shankar Group Managing Director Sahil Agrawal said his group, under a joint-venture with Ambe Group, is establishing a clinker plant with production capacity of 1,900 tonnes per day. The Rs 5-billion plant will be set up near Kathmandu. “We have a long experience in cement production,” said Agrawal. “We are utilising the experience to the best in a bid to explore more market opportunities.”
Shankar Group is also strengthening its presence in automobile sector. Though he did not divulge the details, Agrwal said his group will be bringing in new four-wheelers and commercial vehicles in the market within the next six months.
Lomus Group plans to boost medicine exports this year. The group, which mainly focuses on medicine and cement production, plans to increase its medicine exports abroad. Lomus executive director Pradeep Jung Pandey said his company will start exporting drugs to African countries. Pandey’s Lomus Pharmaceuticals recently began exporting a few drug items to Nigeria. “We will increase the export variety and find new destinations,” he said.
Realising the potential of the tourism sector, NE Group is planning to get into resort business with an investment of Rs 750 million. NE Group Vice Chairman and Managing Director Ravi Bhakta Shrestha said the group will establish three international-standard resorts in three tourist hubs — Chitwan, Pokhara and Nepalgunj — within a year. “There is still a huge necessity for resorts to cater to the demand of tourists,” said Shrestha. “Resort is a low-risk business that requires less investment and ensures instant and high returns.”
Some new ventures are coming into operation this year itself. Hester Bioscience Nepal, a joint venture between Him Electronics and Hester Biosciences of India, is all set to start animal vaccine production. “This is our group’s first venture into the area of medicine and livestock,” said Him Electronics Managing Director Shekhar Golchha. “So we want this plant to come into operation first and then go for the next project.”
Source: The Kathmandu Post
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