Finance Minister Dr. Swarnim Wagle Prioritizes IT Sector for Economic Development
Summary
Finance Minister Dr. Swarnim Wagle says Nepal will prioritize the IT sector in a five-year action plan to boost economic development and service exports. He pledged liberal tax, regulatory and licensing policies, and said the government is ready to remove obstacles facing startup entrepreneurs.
Key Points
- Finance Minister Dr. Swarnim Wagle said the government is moving ahead with a five-year plan that gives high priority to Nepal’s IT sector.
- He called the 2022 IIDS study report a breakthrough and cited strong growth in software exports, freelancers and IT firms.
- Wagle said AI will change the sector’s needs, making compute power and data centers more important than simple outsourcing and coding.
- He promised a highly liberal policy on taxation, regulation and licensing to help startups and attract investment.
