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Nepal’s Budget Proposes Ambitious 10-Year Plan to Boost Information Technology

Nepal’s Budget Proposes Ambitious 10-Year Plan to Boost Information Technology

Finance Minister Barshman Pun revailed a vision in the government’s annual budget proposal, aiming to propel Nepal into a decade of information technology . Presenting the fiscal year 2081/82 budget at a federal parliament, Minister Pun emphasized the pivotal role of Nepal’s information technology sector in driving economic growth.

The government’s ambitious plan includes earmarking an impressive 30 trillion rupees for export over the next decade, with a focus on harnessing the potential of information technology. Minister Pun outlined key initiatives to promote the sector, including the provision of high-speed and affordable internet and ensuring policy stability to foster growth.

A substantial allocation of 59 crores rupees has been designated to revamp and implement the Digital Nepal framework, aiming to modernize the country’s digital infrastructure. Additionally, plans are underway to establish an information technology park equipped with high-speed internet, electricity, and workstations in Rabutwal, Kathmandu, within three years.

The budget also allocates 17 billion rupees for the construction of a state-of-the-art information technology hub at Charkhaal in Dillibazar, along with the development of a knowledge park in Lalitpur. Furthermore, investments are slated for the upgrade of government data centers and initiatives for privatization to enhance efficiency.

In a bid to ensure inclusive growth, the budget emphasizes the development of information technology in marginalized communities, aiming to bridge the digital divide. With these comprehensive measures, Nepal aims to position itself as a regional hub for information technology and drive socio-economic development in the coming years.

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