March 22: Newbiz Business Conclave and Awards recognizes outstanding companies and individuals in various sectors for their exceptional contributions to the field of business, according to Madan Lamsal, chairman of New Business Age – the orgnaiser of the event.

Speaking at the inauguration of the conclave and awards ceremony on Friday, Chairman Lamsal welcomed the guests to the 8th NewBiz Conclave and Business Excellence Award 2024 and added, “We're here to celebrate innovation and excellence in Nepal's business landscape, something we've been doing since 2013.”

He also assured that the selection process was unbiased. “Our jury panels, comprising business leaders and experts, have worked tirelessly to select deserving honorees.” He also acknowledged the support of sponsors, including some banks and insurance companies, whose contributions have been “invaluable”.

“Special thanks to Asian Paints, our Title Sponsor, and all other supporters who have made this event possible. I also commend the hard work of the entire NewBiz team.”

Chief Guest of the event, Minister for Industry, Commerce and Supplies Damodar Bhandari, Madan Lamsal, chairman of New Business Age and Gopalkrishnan G, the country director of Asian Paints, the title sponsor of the event, had jointly inaugurated the conclave and awards ceremony by lighting a lamp earlier.

The event will feature panel discussion as well as award distribution in various categories in recognition to the contributions made by the business sector. The panel discussion will delve on the topic of 'Business Opportunities in Difficult Times'.

The speakers during the panel discussion will be Amlan Mukherjee, Managing Director of Unilever Nepal Limited, Anand Bagaria, Managing Director of Nimbus Holding Pvt Ltd and Sewa Pathak, Chief Executive Officer of Vianet Communications.

The panel discussion will be facilitated by Ranjit Acharya, Chief Executive Officer of Prisma Advertising. Manab Majumdar, Senior Advisor to Federation of Indian Industry and Commerce (FICCI), will give a keynote speech during the program. Under the program, awards will be distributed in 11 different categories, including 10 institutional categories and one lifetime achievement award.

According to the organizer, Lifetime Achievement Award will be given to a person who has contributed for a long time in the field of business.

Similarly, awards will be distributed under the categories of 'Best Managed Company of the Year', 'Premium Hotel of the Year', 'Best Hospital of the Year', 'Best Managed Commercial Bank of the Year', 'Best Managed Development Bank of the Year', 'Best Managed Finance Awards Company of the Year', 'Best Life Insurance Company of the Year', and 'Best Non-Life Insurance Company of the Year'.

According to the organizers, a panel of independent jury comprising experts from various fields have selected the organizations and individuals who will receive the award. The selection was done after a rigorous and phase-wise evaluation.

Other sponsors of the event are NIC Asia Bank, Nexon EV, Nabil Bank, National Life Insurance, Rastriya Banijya Bank, Asian Life Insurance, Nepal Insurance Authority, smartphone company MI, NLG Insurance, Prabhu Bank and Sonam Gear. The internet partner of the program is Dishome Fiber Net and the TV partner is Himalaya TV. Vogue Ad and Event Management is in charge of program management.