Right when the biggest information technology fair CAN InfoTech is taking place, more good news comes for IT enthusiasts. The only Information Technology (IT) Park in the country is finally coming into operation! It will commence from mid-April 2014 after the enforcement of the legal procedures.
The IT Park situated in Banepa of Kavre district would come into operation soon after the government gives a final touch to the IT Park Operation Procedures, said Director General of Department of IT Birendra Kumar Mishra. The IT Park was completed in 2003/04 with the investment of Rs 270 million.
Mishra said that the government would call the private sector for the IT Park operation immediately after the enforcement of the operation procedures.
He said the government is preparing to give 50 per cent tax subsidy to the park operating companies.
On July 17, the government had set up the Department of IT ordering the Department to prepare and submit the procedures for IT Park operation.
The IT Park was established aiming to develop software, promote IT based business and provide services as well as promote investors in the related fields.
However, Under Secretary at the Ministry of Science Technology and Environment Laxmi Prasad Yadav said that operation of the IT Park was delayed as some companies were reluctant to work citing lack of power supply and fiber installation, narrow road to reach the site and poor internet connectivity. Now, all of these problems have been resolved, paving a way for the operation of the IT Park, officials claim.
Currently, the government is missing millions in revenue due to non-operation of the IT Park in the country.
As reported by Republica, director at the Central Bureau of Statistics (CBS) Dr Bishnu Mohan Bhattarai said that software are being developed in Nepal either by registering companies or directly by the technicians or employing the Nepali technicians by the foreigners. The CBS is going to unveil a detailed report on country´s TI industry by mid-February 2014.
It is said that some 15,000 technicians are expected to get direct employment after the operation of the IT Park in a full range.