Nepal is in a transition of development from a beautiful mountainous least developed (third world) civilizational land-locked state to a developing civilizational state status. Nepal’s current economic model is based on remittances and foreign aid rather than production, consumption, trade and investments due to its prolonged poor governance and political instability. Nepal has failed to utilize its natural and human resources as well as its strategic market location to improve on its trade, flow of investments for the socio-economic development of the people and the state.
This economic transition of Nepal towards sustainability requires changing of the remittances & aid based economic and financial model into a investments, production, consumption and trade based economic & financial model. Henceforth, it is an opportunity for the private companies to produce the products and services required by the government, national and international market and development partners for this economic transition. 8848 Holdings Pvt Ltd with its customized in house services and products is rightly suited to serve for the innovation of the exiting economic model of Nepal into a selfreliant, strong and sustainable economy of Nepal by working with all relevant stakeholders mainly the private sectors, government, development sectors and the international investors.
Innovation of the exiting remittances, import and foreign aid based economic model of Nepal into a self-reliant, strong and sustainable economic model