25th October 2023, Kathmandu
In a groundbreaking revelation, Mr. Parag Shrestha, the Managing Director of South Asia at Fusemachines Nepal, has introduced a visionary strategic framework that has the potential to reshape Nepal’s tech industry and amplify its global impact.
With over two decades of experience in top tech firms, Mr. Shrestha’s insights are set to drive innovation and success in Nepal’s burgeoning tech sector. Here are the key highlights of his “3 Buckets” framework:
Parag Shrestha’s Strategic Framework
1. Vision and Awareness:
The first crucial step in Mr. Shrestha’s framework involves establishing a clear vision for Nepal’s tech industry. This vision aims to engage the right audience and shine a spotlight on the commendable work being done in the country. By increasing awareness, Nepal can harness its exceptional talent and achievements, both locally and on the global stage.
2. Infrastructure and Capacity:
To foster a thriving tech ecosystem, it is imperative to multiply goals by a factor of ten. This ambitious approach entails providing essential infrastructure and ample opportunities to nurture and expand talent.
By focusing on capacity building and creating an environment conducive to growth, Nepal can position itself as a tech powerhouse in the region.
3. Policy Reforms and Investment:
Mr. Shrestha emphasizes the importance of crafting flexible policies, officially endorsed by relevant bodies, to support IT companies in Nepal. These policies will be designed to provide the necessary funding and incentives, playing a pivotal role in propelling the sector’s growth. The combination of strategic policies and investment will unlock the full potential of Nepal’s tech industry.
This strategic framework, known as the “3 Buckets,” is poised to unlock Nepal’s untapped potential in the tech world and address the significant concern of manpower emigration. It not only encourages local talent but also provides a blueprint for retaining skilled individuals in the country.
.With Mr. Parag Shrestha’s innovative approach, Nepal’s tech industry is on the cusp of a transformation that promises to bring global recognition and success. Stay tuned for further developments as Nepal’s tech industry embarks on this exciting journey.
