Nepal is set to embark on an ambitious journey over the next decade, designating 2024-34 as the “Decade of Information Technology”. This bold initiative aims to transform Nepal into a leading tech hub, with goals to create 1.5 million jobs and generate NPR 3 trillion from IT exports by 2034. Here’s how Nepal can leverage this opportunity and secure its place in the global tech arena.
The Vision: Nepal’s Tech Decade
Government’s Bold Targets
The Nepali government’s plan is both ambitious and transformative. With a current export value of NPR 67 billion from ICT services, the goal to expand this figure significantly is both a challenge and an opportunity.
- Job Creation: The plan envisions creating 1.5 million direct and indirect jobs.
- Revenue Generation: Targeting NPR 3 trillion in IT exports over the next decade.
- Current Landscape: In 2022, Nepal’s IT sector already contributed 4.5% to the country’s foreign exchange earnings, with a major portion of its services going to the US.
Key Initiatives
To bridge the digital divide, Nepal’s government has rolled out several initiatives:
- IT Parks and Data Centres: Establishing infrastructure to support tech growth.
- Domestic Software Promotion: Encouraging local software use and development.
- Broadband Expansion: Improving internet access across the nation.
- Tax Rebates: Offering incentives to IT companies for reinvested profits.
Strengthening Nepal’s IT Sector: Current Achievements and Opportunities
Growing IT Ecosystem
Nepal is already home to over 2,000 IT companies employing more than 70,000 professionals. The sector’s expansion is further supported by:
- Talent Pool: Over 10,000 IT graduates annually.
- Educational Support: Partnerships with tech giants like Google, Microsoft, and Amazon to enhance tech curricula in Nepali institutions.
- Global Recognition: Nepal’s tech potential is being promoted through international seminars and agreements.
Recent Developments
A notable recent initiative includes a Memorandum of Understanding (MoU) signed in Delhi in September 2023. This agreement involves Tribhuvan University, Institute of Engineering (IoE), Indira Gandhi Technical University for Women (IGDTUW), and Genese Academy. The MoU aims to:
- Enhance R&D Access: Providing students with industry updates and real-world experiences.
- Support Research: Collaborative efforts and joint supervision of graduate projects.
- Faculty and Student Exchanges: Facilitating international academic and professional exchanges.
Strategic Focus Areas for Nepal’s IT Future
1. Strengthening Cybersecurity
As cyber threats grow, Nepal must bolster its cybersecurity infrastructure:
- Frequent Cybersecurity Events: Hosting regular events to discuss the latest developments and best practices.
- Specialised Training Programs: Investing in training for IT professionals to enhance their skills in defending against cyber threats.
2. Fostering Innovation and Entrepreneurship
To nurture a thriving tech ecosystem, Nepal should:
- Create Incubation Centres: Support startups with facilities and resources.
- Provide Grants and Seed Funding: Encourage new ventures through financial support.
- Facilitate Networking Opportunities: Connect entrepreneurs with international markets.
3. Expanding Digital Literacy and Inclusion
Ensuring that digital transformation benefits everyone requires:
- Comprehensive Digital Literacy Programs: Focused on women, the elderly, and rural populations.
- E-Governance Initiatives: Implement online services and digital identity schemes to enhance accessibility.
4. Model Initiatives
Drawing inspiration from successful local initiatives:
- Mayor Balen Shah’s Training Programs: Skill-based training for youth to promote employment and economic development.
- Online Government Services: Expanding digital services to improve government efficiency and citizen engagement.
Conclusion: Seizing the Moment for Nepal’s Tech Future
Nepal’s journey to becoming a prominent tech hub is filled with promise and potential. By focusing on cybersecurity, innovation, digital literacy, and inclusive growth, Nepal can secure its future in the global IT landscape. The collaborative efforts of the government, academia, and industry are crucial in transforming this vision into reality.
Nepal is already making its mark with successful entrepreneurs and promising tech graduates. The time to nurture this talent and seize the opportunity is now.
