AGRICULTURE
Agriculture plays a significant role to both human and economy of a nation. It is the backbone of a nation’s economy. Not only to provide food and raw material, but also employment opportunities to a very large percentage of the population.
Why is Agriculture important to a country?
- Source of livelihood
- Reduce poverty
- Create business opportunities
- Employment opportunities
- Sources of raw materials
- National economy development
- Create wealth for farmers
- International trading – Exportation of Products
IDEA aims at strengthening the country by doing development, expansion and upgrading in Nepal’s Agriculture field. We focus on Fruits farming, Fish farming, White Sandalwood plantation, and Animal Farming.
FRUITS FARMING
Having a wide range of altitude, Nepal is an ideal growing place for a variety of fruits. From tropical fruits like Papayas, Mangoes, Oranges, Pomegranates, Pineapples, Litchis, to subtropical fruits like Lemons/Limes, Bananas, Guavas, and even temperate fruits like Apples, Plums, and Berries. IDEA focuses on the variety, quantity, and quantity on fruits farming. We are establishing fruits farms at different cities in Nepal.
MADI Agro-Tourism Project:
In Jan 2020, our first large-scale agriculture project has started in Madi municipality, with a grand opening ceremony having former prime minister Mr. Puspa Kamal Dahal as chief guest and over 2000 guests. Partnership with local government, the total land area of our Madi site is over 650 Ropani. Over 20 types of fruits and vegetables will be planted on the site. They include Lemons, Papayas, Mangoes, Guavas, Oranges, Pomegranates, Pineapples, Litchis, Bananas, etc. Our honey bee farm will also be located at the same site. 1,000 honey bee boxes will be placed in our fruits farm for both honey and pollination.
SINDUPALCHOK Agro Project:
In 2021 second quarter, our second large-scale agriculture project will be starting in Sindhupalchok. The total land area of the site is over 1,800 Ropani. Over 15 types of fruits and Vegetables will be planted. They include Avocado, Lemons, Papayas, Mangoes, Guavas, Oranges, Pomegranates, Pineapples, Litchis, Bananas, etc. Our honey bee farm will also be located at the same site. 2,000 honey bee boxes will be placed in our fruits farm for both honey and pollination.
DANG Agro-Tourism Project
In 2021 last quarter, our third large-scale agriculture project will be starting in Dang. Dang is the Nepal’s biggest food production area and biggest valley too. The total land area of our Dang site is over 6,500 ropani. Over 20 types of fruits and Vegetables will be planted on the site. They include Lemons, Papayas, Mangoes, Guavas, Oranges, Pomegranates, Pineapples, Litchis, Bananas, etc. Our honey bee farm will also be located at the same site. 5,000 honey bee boxes will be placed in our fruits farm for both honey and pollination.
FISH FARMING
Although Nepal is a land-locked country, the water resources of Nepal isn’t limited. There is still a great potential for Nepal to develop its fish farming industry. The majority of the fish productions currently are coming from eastern Terai region, with some hilly districts developing themselves as a good hub for rainbow trout, a cold-water fish species. Indigenous and exotic fish species are farmed in Nepal. Terai is the site for carp, tilapia and catfish.
IDEA is establishing fish ponds in Madi (with a total land area of 65 Ropani) and Dang, with total area of 1,000 Ropani targeting mainly to farm carp, tilapia and catfish.
WHITE SANDALWOOD PLANTATION
White Sandalwood is in high demand in countries like India, China, Japan, Taiwan, America and European countries but the current production across the world accounts for only one-fourth of the global market demand. Limited supply and high demand have led to a steep rise in sandalwood price. It is estimated that white sandalwood will remain scarce for at least another 50 years.
White Sandalwood is an evergreen tree. The oil from the wood and the wood are used as medicine. White sandalwood has the highest value among sandalwood. It is used for treating common cold, cough, bronchitis, fever, and sore mouth and throat. It is also used to treat urinary tract infections (UTIs), liver disease, gallbladder problems, heatstroke, gonorrhea, headache, and conditions of the heart and blood vessels (cardiovascular disease). White sandalwood can also be used as flavoring in food and beverages. In manufacturing, white sandalwood oil is used as a fragrance in soaps, cosmetics, and perfumes.
IDEA is introducing “Grow a tree, prosper a family” project to local farmers nationwide starting from 2021. Farmers will buy White Sandalwood seedlings at a low price from IDEA. They receive plantation training – with the guarantee of the free replacement of seedlings at the 1st year. IDEA guarantees to buy back the mature wood from the farmers.
ANIMAL / LIVESTOCK FARMING
IDEA will focus more on Livestock farming. Livestock farming is a great source of food production. It provides a variety of protein choices to our daily lives. With the fast growing population, sufficient and diverse food production is essential to a sustainable economy.
VALUES AND BELIEFS
BUSINESS PHILOSOPHY
CORPORATE GOVERNANCE
Corporate Governance
IDEA Group has a corporate governance policy that promotes the highest levels of transparency and accountability to all stakeholders. It is a system by which all business corporations within the Group are directed and controlled. It deals with laws, procedures, practices and implicit rules that determine the Group companies’ ability to take informed managerial decisions vis-a-vis its principal stakeholders – shareholders, creditors, customers, the state and employees.
Our corporate governance policy includes:
- An independent and effective board of directors
- Good audit process and reporting
- Transparency
- Participation of shareholders in decision making
- Maximizing shareholder value
- Meeting social obligations
IDEA Group is committed to the highest standards of corporate governance in all its activities and processes. The various businesses were entrusted to competent professionals from the industry.IDEA Group disclosure norms are ahead of standards and are moving towards international practices. The boards of Group companies comprise eminent individuals from various disciplines.Each board has an audit committee, where directors, management and auditors deal with matters relating to financial reporting obligations, internal controls, review of accounting policies, and management of financial risks. It monitors compliance with laws, regulations and its own code of business conduct. The shareholders / investors grievance committee handles redress of shareholder and investor complaints like transfer of shares, non-receipt of balance sheet, and non-receipt of declared dividends.
The management committee takes decisions about policies and other important issues concerning the management. Each year all Group companies file a report on corporate governance, making all statutory disclosures.
