Kathmandu, July 28

Frost & Sullivan, a global consulting firm headquartered in California, the United States, has formally entered Nepal, providing domestic and international clients access to world-class services on market research and analysis to drive innovation, develop growth strategies and tap business opportunities.

The firm, which has appointed Mangesh Lal Shrestha as its managing director for Nepal, will initially prepare research reports on industries such as telecommunications, healthcare, energy and tourism.

“Gradually, we will focus on almost every sector to help the government and the private sector drive innovation. We will also inform our global clients about investment opportunities in Nepal,” Manoj Menon, senior partner and Asia Pacific managing director at Frost & Sullivan, told journalists today.

To cater these services, the Nepal chapter of Frost & Sullivan currently has a ‘small team’. This team will work closely with Frost & Sullivan teams based in India and other parts of the globe to develop content and provide tailor-made services to clients.

“Over time, we will build our own team of 50 to 100 people who will be conducting research and analysis here,” said Shrestha.

Frost & Sullivan has an experience of over 50 years in consulting. It has offices in 46 cities of 36 countries around the world, and has roped in over 250,000 clients.

In order to provide insight into potential of key industries, such as energy and tourism, to its global clients, Frost & Sullivan today organised a webinar on ‘Uncovering Nepal: Exploring Trends and Emerging Opportunities’, in Kathmandu.

People from around 15 countries of Asia Pacific and Middle East took part in the webinar, which was joined by former finance minister Ram Sharan Mahat, Physical Infrastructure Secretary Arjun Kumar Karki, Jyoti Group Chairman Padma Jyoti, Surya Nepal Managing Director Abhimanyu Poddar, and Global President and Managing Partner at Frost & Sullivan, Aroop Zutshi.

During the webinar, Menon said: “Nepal’s present commitment to manufacturing sector expansion, power situation improvement, and transport infrastructure development will go a long way in enhancing its investment potential. However, investors, without a doubt, will be keenly observing how Nepal works its way through the present political instabilities.”

In response, Mahat said: “Governments come and go. But economic policies will not change, and even if they change, they will change for the better. So, foreign investors need not worry.”

In November, Frost & Sullivan is hosting ‘Growth, Innovation and Leadership’ Forum in Nepal ‘to encourage a spirit of collaboration’ among its customers ‘to leverage visionary innovation that addresses global challenges and related growth opportunities that will make or break today’s market participants’.