Investment and management

It has become harder to find good management leaders who inspire younger talents.

After my last column entitled “ There is no economic crisis” , I started getting calls and messages on what to do next for long-term economic growth. Yes, the perception of a crisis aggravated by people whose businesses are in disarray will go away, but we need to focus on the long term. I went back to read Unleashing Nepal , my first book that I wrote just after leaving a two-decade corporate career with the Soaltee/Tara Group. There are three key messages in the book. First, we need to move from a “rent seeking mindset” to an entrepreneurial mindset, which we have seen half happening in the last decade and needs acceleration. The second is to look at Nepal as a land of opportunity. Yes, Nepal is a $40 billion economy in real terms and is worth $140 billion in terms of purchasing power parity (PPP). We are land-linked to China and India with an internal market of 30 million people and half a billion people living within an hour’s flying distance. Third, the emphasis should be on investment and management to unleash Nepal’s potential. Perhaps, we have to revisit this.