Nepal Development Public Ltd Holds First Annual General Meeting, Highlights NRN Participation

2nd November 2025, Kathmandu

Nepal Development Public Limited (NDP) has marked a significant corporate milestone with the successful conclusion of its First Annual General Meeting (AGM) in Kathmandu on November 1 (15 Kartik 2082).

NDP Holds First AGM

Established just one year ago with a robust starting capital of NPR 1 billion, NDP is not merely another financial entity; it is a specialized public investment company conceived as a joint initiative by Nepal’s leading private sector organizations: the Nepal Chamber of Commerce, the Federation of Industries, Chamber of Commerce, and the Non-Resident Nepali Association (NRNA). This powerful consortium signifies the private sector’s consolidated commitment to steer the nation toward accelerated economic development.

The company’s core mandate, as emphasized during the AGM, is to expand strategic investments through a dedicated focus on Public-Private Partnerships (PPP). NDP aims to mobilize capital from various sources, including the government, national funds, international organizations, and non-governmental funds, to target large-scale and employment-oriented projects that are critical for long-term national growth and stability.

Strategic Vision and Sectoral Investment Focus

At the helm of the company is Chairman Chandra Dhakal, a prominent figure who also holds the presidency of the Nepal Chamber of Commerce. Chairman Dhakal outlined the company’s vision for a secure and impactful investment future, highlighting the need to develop robust internal systems for organized and secure investments coupled with comprehensive risk management measures.

The Chairman’s address was delivered against a backdrop of a slow domestic economy, prompting his call for the state to actively create a more favorable investment environment. He stressed that even during challenging economic times, strategic investments in large industries possess the power to revitalize the economy, significantly boost production, and generate widespread employment opportunities—a critical requirement for stability in the current scenario.

NDP’s ambitious investment plan spans several high-potential, high-impact sectors that are central to Nepal’s infrastructure and future economy:

• Core Infrastructure: Focus on vital sectors such as hydropower and information technology.
• High-Growth Sectors: Expansion into tourism and agriculture, which form the backbone of Nepal’s economy.
• Enterprise Development: Investment in small-to-medium enterprises (SMEs) to foster local economic activity and job creation in rural areas.

Urbanization Projects: Under its specialized initiatives, NDP Venture and NDP Developer, the company is preparing to invest in key urban areas, targeting urban infrastructure, housing, and PVC-related sectors.

By diversifying across these strategic areas, NDP aims to mitigate risk while maximizing its contribution to economic diversification and structural change in the nation’s output.

The Crucial Role of Non-Resident Nepalis (NRNs)

A central theme of the First AGM was the imperative need for the active participation of the Nepali diaspora, or Non-Resident Nepalis (NRNs), in the company’s mission. Chairman Dhakal issued a powerful appeal, urging Nepali investors both at home and abroad, including NRNs, to participate and contribute to the country’s economic growth by channeling their resources through NDP.

This focus on NRN capital is strategic. The NRN community possesses not only substantial financial resources—often held in foreign currency accounts—but also valuable international knowledge, technological expertise, and managerial skills. By offering a secure, organized, and professionally managed platform like NDP, the company aims to become the preferred conduit for NRNs looking to make impactful, risk-managed investments back into their home country. This streamlined investment pathway helps to address the historical challenges NRNs have faced in navigating Nepal’s complex investment and regulatory landscape. The bank is positioning itself as a reliable partner to effectively deploy this capital into national priority projects.

Foundational Strength and Shareholder Base

The establishment of Nepal Development Public Limited was a watershed moment, pooling scattered private capital into a single, formidable investment vehicle. The company’s strength is derived not just from its capital but also from its broad base of support.

Establishment and Governance: The company was founded through the joint initiative of the nation’s three largest business chambers and the NRNA, ensuring strong governance and a clear focus on national economic priorities.

Diverse Shareholder Base: Despite its recent establishment, NDP has already attracted 246 shareholders representing 46 districts across Nepal. This widespread ownership base, comprising small to large entrepreneurs and NRNs, reflects the national enthusiasm for a locally-led, strategic investment platform.

System Development: The emphasis on developing systems for organized and secure investments and implementing risk management measures is a critical promise to its diverse and geographically spread shareholder base. In a fragile economic environment, these measures are vital for building and maintaining investor trust and confidence.

In conclusion, the First AGM confirmed Nepal Development Public Limited’s position as a catalyst for economic revitalization. Through strategic Public-Private Partnerships, diversified high-impact investments, and a deliberate focus on mobilizing NRN capital, the company is set to play a pivotal and expanding role in driving Nepal toward sustained prosperity and job creation.

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