Saturday, November 16th, 2024

Minister Sharma urges international community to explore investment opportunities in Nepal’s IT sector


21 April 2024  

Time taken to read : 3 Minute


  • A
  • A
  • A

KATHMANDU: Minister for Communications and Information Technology, Rekha Sharma, has urged the international community to confidently invest in Nepal’s communications and information technology sector.

The Minister made this call during a meeting with representatives from IT industries from 17 nations in the Asia Pacific held today on the eve of the Nepal Investment Summit scheduled for April 28-29.

On the occasion, she stated that the government aims to promote foreign, domestic, and non-resident investors simultaneously through the Summit.

According to the Minister, the process is underway to undertake legal and structural reforms for the same, as per the government spokesperson. The government is committed to creating a secure and trustworthy investment atmosphere.

“The Government of Nepal prioritizes the use of IT in its service delivery with new innovations in IT, leading to the implementation of E-Systems in public administration,” she said.

The essence of the IT sector is significant to bring quality change in citizens’ lives by ensuring their wider and highest access to mass communications, telecommunications, and IT, she added, sharing the government’s vision to build an IT-friendly nation.

As she mentioned, the Ministry is preparing to undertake some revisions to enhance the effectiveness of the implementation of the ‘Digital Nepal Framework’.

The safe use of IT and building a ‘digital ecosystem’ are the government’s priorities, and preparatory works including the drafting of the IT and Cyber Security Bill, Social Sites Management, and Operation Bill have been intensified to implement such priorities, according to the Minister.

As she noted, the government believes that proper management and utilization of skilled human resources with the use of IT will help achieve good governance and prosperity amid the global economic slowdown.

Last year alone, Nepal exported software worth Rs 67 billion, and the government in the budget for the fiscal year 2081-82 BS (2024-25) will accord due priority to the promotion of the IT sector.

She underlined the need to promote IT-based industries in Nepal, similar to landlocked countries, to create jobs, promote exports, strengthen the economy, and achieve development.

The government is considering the implementation of the concept of an IT park and information hub to operate the IT industry through a single venue.

Publish Date : 21 April 2024 18:11 PM

Maoists will take the reins of power soon: Prachanda

KATHMANDU: Maoist Center Chairman Pushpa Kamal Dahal “Prachanda”, has claimed

Finance Minister Paudel directs officials to meet revenue target

KATHMANDU: Finance Minister Bishnu Paudel has directed relevant government officials

Maoists discussing electoral alliance with Unified Socialist

KATHMANDU: Maoist Center and Unified Socialist Party are in talks

Government focused on expanding tax base: Minister Bhandari

BANKE: Minister for Industry, Commerce, and Supplies, Damodar Bhandari, stated

Xi, Biden to meet as Trump return looms

US President Joe Biden and Chinese counterpart Xi Jinping will