look news india
A huge change has been witnessed in the political corridors of the neighboring country Nepal, which has created a new stir within the main opposition and historical party ‘Nepali Congress’. Nepal’s only dollar billionaire and counted among the country’s biggest industrialists. Binod Chaudhary Has been elected the new vice president of Nepali Congress. He has achieved this position by winning a landslide victory under the inclusive quota during the party’s general convention and internal elections.
The special thing is that in the tough competition for this post, he got a huge number of votes, leaving his opponent behind. The coronation of Binod Chaudhary, popularly known as ‘Ambani’ in the business world of Nepal, to this top post in the mainstream political party gives a clear indication of the direction in which Nepal’s economic and political equations are going to move in the coming days.
Binod Chaudhary’s name is included in the list of billionaires of the world’s prestigious business magazine ‘Forbes’. According to the current data, the net worth of Binod Chaudhary is approximately 2.1 billion dollars (i.e. estimated at more than Rs 17,500 crore in Indian currency). Their business is not limited to Nepal but extends to India, Middle East, Europe and many other countries.
He is the Chairman and President of CG Corp Global Group. His vast business empire includes the nationally renowned instant noodles brand ‘Wai Wai’, apart from many big and profitable businesses like cement, hotel industry (which also includes a partnership with India’s famous Taj hotel chain), banking sector and real estate. His family’s contribution to Nepal’s modern industrial development has been continuous for the last 140 years.
Binod Chaudhary’s political life has also been very interesting and full of ups and downs. Very few people know that during his early political career, he was associated with communist ideology and was active in leftist politics. In his early days, he was also elected a member of the Constituent Assembly on the ticket of the Communist Party of Nepal (UML).
However, sensing the changing political environment with time, he joined Nepali Congress in the year 2017. Since joining the party, he started strengthening his hold within the organization. In the last few years, he has come a long way from becoming a member of the Central Committee of the party to reaching Parliament. Now after being elected to the important post of Vice President, he has become a major face of economic reforms and policy decisions within the party.
On one hand, while Nepal’s economy is currently facing many internal challenges and financial pressures, on the other hand, the appointment of the country’s most successful businessman to the top post of the main political party is being considered a big strategic step in itself. Experts say that Binod Chaudhary has a golden opportunity to improve the financial condition of the country and attract investment at the international level.
Nepali Congress Party hopes that his corporate experience and global contacts will help the party in the upcoming elections and strengthen its economic hold among the people. His journey from a successful industrialist to the second highest position in the country’s mainstream politics is proving to be a milestone in the modern political history of Nepal.