Kathmandu, Jan. 17
The Nepal Chamber of Commerce (NCC) has announced
plans to facilitate investment in the IT industry in the country. After the
government issued an ordinance to ease investment in the sector, the NCC has
set strategic goals to promote investment in the IT sector and facilitate
international market access, it informed in a statement on Friday.
Through its IT, Software, and Technology Committee,
the NCC will actively seek investments in the IT industry and work towards
fostering entrepreneurship. The Chamber has already held discussions with IT
entrepreneurs on these initiatives. President of the NCC, Kamlesh Kumar
Agarwal, said that the IT industry holds significant potential for economic
development and prosperity in Nepal, which is why the NC is focusing on
investment facilitation.
"The IT industry is now a key source of foreign
exchange for Nepal, and the government has set a target to generate Rs. 3
trillion annually within the next decade. The Chamber will work to secure
investments and facilitate access to international markets for the growth of
the IT sector,” said Agrawal.
Agarwal also noted that the IT industry could be
established through public investment.
According to him, the relatively lower cost of
skilled manpower in Nepal compared to international standards makes it a
suitable opportunity for the country. “Chamber would play a role in policy
facilitation to involve Nepali youth in the IT sector,” he said.
Rajendra Malla, Immediate Past President of the NCC, suggested
that to promote the development of the IT industry, priority should be given to
creating companies under the public-private partnership (PPP) model. He added
that with the support of international companies, Nepal could serve as a base
for global IT operations.
Bigyan Shrestha, Chairperson
of the IT Committee, pointed to the need for collaboration between the
government and the private sector to expand the IT industry. He stressed the
importance of increasing access to investment to turn young people’s innovative
ideas and thinking into reality.
Published in The Rising Nepal daily on 18 January 2025.
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