29th January 2025, Kathmandu
Sher Bahadur Deuba, President of the Nepali Congress, opened the Nepal Startup and SME Conference in Lalitpur. He called the conference a chance for innovation and investment. He said the event would showcase new products and services.
Nepal Startup SME Conference 2025
It would also inspire investors to support local businesses. Deuba believes the conference will create opportunities for youth to become self-employed.
Innovation Crucial for Economic Growth
Deuba pointed out that innovation is key to economic recovery. The country faces a global recession, but Deuba believes local entrepreneurship can help Nepal bounce back. He emphasized the importance of supporting youth and women entrepreneurs. Discussions during the conference will focus on creating policies that foster business growth. Deuba also noted that local businesses could bring self-reliance to rural areas.
Government Support for Entrepreneurs
Deuba stressed the need for government support to make startups successful. He mentioned that affordable loans, training programs, and skill development are essential. He also highlighted the importance of grants to help businesses grow. The government is focusing on promoting small and medium-sized enterprises (SMEs). This initiative aims to reduce imports and narrow the trade deficit.
Youth Embracing Entrepreneurship
Deuba acknowledged the growing enthusiasm among youth for starting businesses. He noted that many young people are creating businesses with limited funds. These startups are playing an important role in Nepal’s economy. He believes this entrepreneurial spirit can help reduce unemployment in the country.
Legal Reforms for a Better Business Environment
Deuba mentioned recent legal reforms that aim to ease the process for entrepreneurs. He said these changes would reduce bureaucratic hurdles. The reforms will also encourage local businesses to thrive. He is confident that the conference will promote innovation and contribute to Nepal’s economic growth.
Conference Aims for Local Promotion
The conference will span two days. It will feature six sessions focused on entrepreneurship and economic transformation. Attendees will discuss local product promotion and how to increase sales.
For more: Nepal Startup SME Conference 2025
