Renowned industrialist Prabhakar Sumsher Rana passes away

Kathmandu / May 31: Renowned industrialist Prabhakar Sumsher Rana passed away in the United States on Thursday. He was 84.

Rana, who is considered as the pioneer of the Nepali hotel industry, died in course of treatment at Rehabilitation Centre in New York, according to family sources. He admitted to the hospital one year ago.

The final rites of Rana will be performed in New York, according to sources.

Rana was the founding chairperson of Soaltee Crowne Plaza and later on the chairman emeritus of the five-star hotel.

Rana had been engaged in multiple sectors such as tourism, trade, automobiles, and hydropower. Rana established Sipradi Trading Pvt. Ltd in Kathmandu in 1982, which became the exclusive distributor of Tata Motors Ltd. for Nepal.

Rana also established Bhote Koshi Power Company in 1996. His son Siddhartha is currently looking after the entire business operations.