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ECONOMY

Knowledge Park to be built in Khumaltar at a cost of Rs 1 billion

KATHMANDU, May 23: The Ministry of Communications and Information Technology has proposed a plan to build a ‘knowled...
By Republica

KATHMANDU, May 23: The Ministry of Communications and Information Technology has proposed a plan to build a ‘knowledge park’ at Khumaltar in Lalitpur in the budget and policies and programs for the coming fiscal year 2022/23. The ministry has demanded a budget of one billion rupees to build an ultramodern knowledge park on a piece of land belonging to Radio Nepal in Khumaltar.


“A knowledge park is a well-equipped park like an IT park,”said Binod Prakash Singh, the ministry’s joint secretary and spokesperson. "The knowledge park will be large and well-organized where the development and distribution of innovative IT schemes will be done.” The Ministry has asked the Ministry of Finance to include the plans of Knowledge Park, Data Center, Security Press and other projects with priority in the forthcoming budget.


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Similarly, the National Planning Commission and the Ministry of Finance had asked the Ministry of Communications and Information Technology to prepare the budget with a ceiling of Rs 8 billion. The ministry has been requesting to increase the ceiling by another Rs 4 billion stating that the ceiling of Rs 8 billion will not be enough for the coming fiscal year.


Likewise, the 'Digital Nepal Framework' brought by the ministry three years ago will also be taken forward in coordination and cooperation with various stakeholders. The ministry’s Spokesperson Singh said that the ministry will move forward by coordinating with all the intergovernmental bodies for  Digital Nepal Framework' as it includes concerns of more stakeholders. 

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