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Why Nepal ?
Nepal Agritech is an exceptional platform for interaction, exchange and trade for all the stakeholders, beneficiaries, sellers and buyers of the agro sector. The Expo 2023 has clearly defines and demonstrates the power of live communication and marketing to showcase vision and demonstrate products. The theme for Agro Exhibition is “Progressing from Subsistence to Commercial Agriculture” to help grow agro industry in commercial platform. Over 80% of the population is involved in agriculture, which constitutes 41% of GDP. Sustainable agriculture, in terms of food security, rural employments, and environmentally sustainable technologies such as soil conversation, natural resource management and biodiversity protection, are essential for holistic rural development. GDP contribution by agriculture 38.7%.
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 cultivat- ed & 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.