The UK Government and the British Embassy in Kathmandu hosted the UK-Nepal Business Forum on Tuesday in collaboration with the Government of Nepal, the British Council, and the Nepal-Britain Chamber of Commerce and Industry. The event aimed to strengthen the UK-Nepal economic partnership, enhance trade and investment opportunities, promote inclusive economic development, and expand business-to-business connections.

The program covered topics such as ‘Unpacking Nepal: Market Opportunities for UK Businesses,’ ‘Business Economic Environment for Growth,’ ‘The Benefits of Transnational Education: Opportunities for Nepal,’ and ‘Showcasing the UK’s Export Excellence: Opportunities for Nepal’s Priority Sectors.’

The event featured four panel discussions with Nepali policymakers, private sector leaders, development partners, the diaspora, and thought leaders. Notable attendees included Sushil Gyewali, CEO of the Investment Board of Nepal; Habib Yousuf, Regional Director at British International Investment (UK); Bhawani Rana, Former President of FNCCI; Petra Lenihan, Head of Team South Asia at the Department for Business and Trade (UK); and other experts.

Rob Fenn, the British Ambassador to Nepal, stated, “This facility from British International Investment reflects the UK’s commitment to sustainable economic development in Nepal, benefiting households and businesses throughout the region.”

The session on ‘The Benefits of Transnational Education (TNE): Opportunities for Nepal’ was moderated by Sandeepa Sahay, with panelists Rejina Maskey, Richard Keogh, Shannon Stowers, and Samir Thapa. This session explored the current landscape of higher education in Nepal, including TNE, highlighted opportunities for growth, and identified key areas for quality assurance to enhance educational outcomes.

During the discussion, the panel addressed how TNE could reduce brain drain and foster innovation in Nepal. 

Thapa, Chairperson and Founder Principal of Silver Mountain School of Hotel Management, emphasized, “There is no compromise on the quality of education, as we strive to maintain the same standards offered by universities abroad. Our directive is clear: until we obtain Quality Assurance Accreditation (QAA) from the respective country where the university is based, we are not authorized to run any programs or grant approvals.”

Keogh, Deputy Vice-chancellor at the University of Roehampton, said, “We are committed to reversing the brain drain, which is often linked to limited job opportunities post-graduation. One of our key initiatives is to provide professional experience alongside a strong academic curriculum and extracurricular activities. We invite industry professionals as guest speakers to engage with students and bridge the gap between education and employment.”

He added, “Additionally, we recognize the growing global trend where high-level skilled jobs no longer always require a master’s degree. There are increasing opportunities in sub-degree qualifications, allowing graduates to enter the workforce with specialized skills sooner.”

Stowers, Head of International Policy and Engagement at QAA (UK), stated, “This program focuses on exploring various TNE provisions across different countries, examining active practices, and identifying areas for enhancement. It offers valuable insights and learnings from a diverse range of universities worldwide, ensuring that the programs delivered remain relevant and impactful.”