A historical meeting held on 23 March 2014 to institutionalize collective investment via NRN both within and across Germany.
Key agenda: Introductory presentation, discussion on business opportunity and taskforce. In this meeting it was stressed by the attendees that collective investment programs should concentrate first on empowering NRNs living in Germany and then to Nepal. Most of the attendees are interested in business ventures in Germany than in Nepal at this point of time. The business ventures funded by collective investment shall be without exception profit in nature. Therefore, charity programs and investment programs are to be strictly separated. The business ventures shall be started small but sustainable. The key to success is strategic alliances and collaboration among the NRNs.
It is clearly evident that there is no lack of investors. The lacking thing is a concrete business opportunity and systematic institutionalized organizational structure within NRN i.e. some kind of task force. Therefore, it has been decided that a task force shall be created (by whom? till when?) which will be accountable for the success of NRN Collective Investment Program. This taskforce shall identify all the business opportunity suitable under collective investment concept based on diligent business analysis. The result of this analysis should be presented in a bigger conference (to be organized). In this big conference (when & where?), the project to be invested in shall be validated and then & there 25-40% of fund collected (from NRNs). Rest of the fund will be collected by further investors (or brought from Nepal). This task force should make assure the investors that their investment is secure with us.
B. Business Opportunities
Following are the list of opportunities identified unsorted according to priority:
a) Language Empowerment:
An online interactive language course program was suggested from which all the interested people will be able to learn German and vice versa all the Germans willing to learn Nepali will also be served. From this the second generation Nepalese kids will also be benefited. This idea has been identified as very fruitful by all the attendees.
b) Provide +12 courses in Nepal in such a way that students coming here will not have to do Studienkolleg. Include German language (affiliated by Goethe). This way the students can directly come after SLC and study in this course and directly thereafter join Bachelor degree programs. Or
c) Provide studies college run by NRN to Nepali students in Germany (also provide food to them (Bhat & Dal)). Take the fees of the whole year beforehand.
d) Open University in Nepal.
e) Implement foreign language courses already in Nepal (for e.g. German) at school level, for this it has to be consulted with Nepal Government.
The Education sector as collective investment has not been identified as very profitable. There has been division in consensus if this business is risky or not. However, the point a (online based language empowerment) has been identified as is low risky and fruitful.
2) Pension Home
a) Pension home in Nepal which is of international standard for foreigners (also for Nepalese). This idea was also identified as a good idea.
3) Nursing Staff (Pflegekraft):
Vocational training in Nepal before coming to Germany. Also provide them language courses beforehand.
a) Resort: Sleeping bag resorts where there are no competitors yet (in Nepal).
b) Travel Agent (Reisebüro): Be able to send tourists to Nepal. This can be online based (in Germany). This has been identified as low investment.
a) Chain of hotels
a) Gastronomy has not been identified as adequate opportunity under the concept of collective investment.
o Task force members shall include investment specialists, who have networking skills, and/or business experience and/or respective educational background.
o Propose organizational & reporting structure, operational mechanism of task force within NRN
o Identify Skills and knowledge we have in Germany
o Launch workshops and discussion to identify opportunities
o Identification and analysis of the opportunities, and propose the business opportunity which will create the most value to the investors.
o Identify investment opportunities in Germany, the projects and the necessary
o Assure the investors that their investment is secure with us
o Organize a big conference where the projects shall be decided with consensus and from where 25-40 % of capital will be collected (from NRN). For rest, further investors will be sought.
D. List of attendees
NRN Global: Ram Pratap Thapa
NRN Advisory: Dil Bahadur Gurung
NRN Global General Secretery: Kumar Pant
NRN Germany: Global Members: Dawa Sherpa
Santosh Bhattarai: Global Member
Bremen University: Dr. Suman Pokhrel
Kaiserlauten University: Dr. Sudarshan Tiwari
Kaiserlauten University: Samir Shrestha (Ph.D Student)
Overshares Nepali Forum: Chandra Kanta Acharya
IAF: Chandra Kumar Shrestha, Nab Raj Roshyara (Senior Vice President Germany NRN)
Mainz University: Dr. Ashish Karmacharya
Business Analyst & MBA Student: Subodh Raj Maskey
Rapporteur: Subodh Raj Maskey (with assistance from Ashish Karmacharya)