Govt targets to export IT worth Rs 3 trillion in next 10 years, provide employment to 1.5 million

#Budget2023/24

Govt targets to export IT worth Rs 3 trillion in next 10 years, provide employment to 1.5 million

Published On: May 28, 2024 04:10 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, May 28: The government has set a target of exporting information technology (IT) worth Rs 3 trillion in the next 10 years. Through the budget of the next fiscal year, the government has set a target of exporting IT worth Rs 3 trillion with the goal of creating 500,000 direct and 1 million indirect jobs.

In this context, the Minister for Finance also said that the next decade will be the departure year for the IT sector. The government has also made plans to promote information technology as the backbone of the economy, establish data centers and protect intellectual property. Rs 590 million has been allocated by the finance minister for these projects.

The government plans to establish an IT Park using available government and private buildings in the Kathmandu Valley and Butwal. The government plans to create work hubs in such parks for 3 years.

Rs 170 million has been allocated to establish a knowledge park at Khumaltar in Lalitpur. The storage of electronic data has been made reliable. Internships will be arranged for the youth studying information technology.