Tech Peak Nepal 2024 Sparks Excitement in Kathmandu's IT Sector ➤

Tech Peak Nepal 2024 Sparks Excitement in Kathmandu’s IT Sector

Collaboration and Innovation at the Forefront of Nepal's Technological Advancement

Tech Peak Nepal 2024, a premier event dedicated to Nepal’s thriving IT sector, commenced in Kathmandu, uniting over 200 national and international experts, professionals, and government officials on a single platform.

The event, jointly organized by the Confederation of Nepalese Industries (CNI), NAS-IT, and the American Chamber of Commerce in Nepal (AMCHAM), highlighted the imperative of attracting investments to Nepal’s burgeoning IT industry. Participants emphasized its potential to generate employment opportunities and contribute significantly to the country’s economic growth.

Rajesh Kumar Agrawal, President of CNI, hailed the extraordinary surge in Nepal’s export of IT services in 2022, reaching an impressive $515.4 million. He underscored the remarkable achievement of IT services emerging as the country’s top exportable product, attributing it to the exceptional talents and capabilities of Nepali professionals.

Hem Raj Dhakal, Vice President of CNI, expressed aspirations to elevate Nepal’s IT sector through innovation and partnerships, fostering collaborations between local startups, established firms, and international investors. He urged seizing the opportunity to forge connections at the upcoming Nepal Investment Summit 2024.

As Nepal embraces the digital age, the transformative impact of technology is evident, creating a plethora of job opportunities and fostering interdependence between economies. Bolstered by its youthful demographic and proficiency in IT and English, Nepal is gaining recognition on the global stage.

Recent studies highlight Nepal’s strides in the Information Technology Enabling Services (ITES) domain, with export figures surpassing earnings from traditional industries like tourism. This paradigm shift signifies immense potential within Nepal’s economy.

Shiva Raj Adhikari, Vice-Chairman of the National Planning Commission, emphasized the vast export potential of the IT sector in driving the country’s growth and prosperity, advocating for increased investments in the industry.