Nepal’s Historic Decision: Allowing IT Companies to Invest Abroad

Nepal's Historic Decision
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12th January 2024, Kathmandu

The Tech Entrepreneurs Association of Nepal (#TeanNepal) has extended heartfelt appreciation to the Government of Nepal and Honorable Prime Minister KP Sharma Oli for the historic decision to allow Nepali IT companies to invest abroad.

Nepal’s Historic Decision 2025

This game-changing policy sets a solid foundation for Nepal’s IT sector to reach new heights by fostering global competitiveness and economic growth.

Empowering Nepali IT on the Global Stage

This landmark move will have far-reaching implications for Nepal’s IT ecosystem, including:

Boosting Global Competitiveness

Nepali IT companies can now directly compete with international firms, leveling the playing field and driving innovation.

Unlocking International Opportunities

Access to global markets will pave the way for partnerships, joint ventures, and investments, amplifying Nepal’s footprint in the global IT industry.

Accelerating Economic Growth

Increased foreign investments and international revenues will contribute to Nepal’s GDP, positioning the nation as a technology and innovation hub.

A Victory for Persistent Advocacy

This decision is a monumental milestone for the Nepali IT sector, achieved through relentless advocacy by organizations such as the Tech Entrepreneurs Association of Nepal (#TeanNepal) Over the years, they have consistently pushed for progressive policies to create a more enabling environment for IT companies.

“This historic step inspires us to push further and transform the Nepali IT industry into a global force,” stated a representative of the Tech Entrepreneurs Association of Nepal (#TeanNepal).

A Commitment to Progress

Tech Entrepreneurs Association of Nepal (#TeanNepal) reaffirms its dedication to:

Supporting government initiatives aimed at IT industry growth.

Creating platforms for Nepali IT firms to showcase their potential on an international stage.

Building collaborative ecosystems that enable innovation and sustainable development.

A Visionary Step for Nepal’s Future

This transformative decision reflects the government’s vision of making Nepal a globally competitive economy. It also signals the nation’s readiness to embrace opportunities in the ever-evolving technology landscape.

By empowering the IT sector, Nepal is taking confident strides toward becoming an emerging IT powerhouse in South Asia.

Why This Decision Matters

This groundbreaking move highlights:

Nepal’s commitment to fostering innovation-driven economic growth.

The potential for Nepali IT companies to thrive in the global market.

The creation of new job opportunities and international collaborations.

A Call to Action

TEAN calls on stakeholders across the IT industry to leverage this opportunity and work collectively toward building a globally competitive Nepali IT sector.

For more: Nepal’s Historic Decision 2025


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