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Nepal Business Excellence Awards set for November 14

- Post Report, Kathmandu

Nov 12, 2017-Frost & Sullivan along with the Confederation of Nepalese Industries (CNI) is set to host the first edition of Nepal Business Excellence Awards 2017 in the Capital on November 14.

The awards aim to recognise companies demonstrating a unique approach  to doing business in their respective markets and companies delivering exceptional performance with a major impact on business and society in Nepal.

The awards banquet will kick off with an interactive panel discussion on “Nepalese companies will be globally competitive by 2022—An utopic assumption or a possible reality?” The panel will be discussing the readiness of Nepalese industries to adopt global practices, its impact on business performance and other initiatives to be adopted in order to be globally competitive, reads a press release. Aroop Zutshi, global president and managing partner at Frost & Sullivan will be moderating the panel.

CNI President, Hari Bhakta Sharma said, “The country is heading towards policy stability, leading to steady economic growth and opening up vast investment and expansion opportunities for companies. Therefore, Nepali companies must adopt internationally accepted systems to boost efficiency, output, competence and corporate culture to stay relevant in the market.”

The awards program will have four major categories of participation based on sales turnover of the businesses: Emerging Business, Medium Business, Large Business and Mega Large Business. Recognition will be given to companies in the four participating categories and separately for manufacturing and service sectors. 

Participating companies stand a chance to win from three distinct levels of awards: Silver, Gold and Platinum. One will be awarded the “Super Platinum Award”. 

An executive committee represented by eminent thought leaders and industry experts from Frost & Sullivan and CNI will work collectively to select the winner, benchmarked against the highest standards in their industry to ensure that award recipients are best in class.

Nitin Kalothia, Director, Manufacturing and Process Consulting Practice at 

Frost & Sullivan explained the assessment process experience, “The award, through its incisive assessment process will enhance awareness and accelerate the adoption of global best practices in Nepali companies. This will further improve growth, profitability and competiveness of the organisations.”

Published: 12-11-2017 10:48

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