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Why Nepal ?
Nepal is an agriculture-driven economy, with a large portion of the population dependent on farming and allied sectors Increasing government focus on modernization and mechanization of agriculture Rising demand for high-quality seeds, fertilizers, agrochemicals, and farm equipment Growing commercial poultry and dairy sectors driven by urban consumption Strong reliance on imports, creating significant opportunities for international suppliers Strategic location offering access to South Asian markets, especially India and
nearby regions
Market Overview
- More than 50% of Export depend on Agriculture &is the main source of Income in Nepal.
- Farming, provides employment to 66 percent of the country's total population and contributes about 33 percent to the gross domestic product (GDP).
- In Nepal, 3091000 Hectares Agriculture land is cultivated & 1030000 Hectares Agriculture land is uncultivated.
- More than 5% growth rate every year in Agriculture Industry in Nepal & Govt. is giving smart subsidy on Fertilizers, Seeds, Machinery and insurance
- Nepal imported goods worth NPR 600 billion from India whereas it exported only around NPR 90 billion. Nepal imported farm products worth Rs 127.51 billion in the last fiscal year, up from Rs 99.35 billion before.
- The Prime Minister Agriculture Modernization Project aimed to drive agriculture mechanization and commercialization has allocated significant funds in the last fiscal budget for grant distribution and agriculture extension services for farmers.