Government has prioritised foreign investment in IT sector: Minister Bhandari

KATHMANDU: Minister for Industry, Commerce and Supplies, Damodar Bhandari, has emphasised the government's commitment to prioritising foreign investment in the information technology (IT) sector. 

Minister Bhandari made this statement during a programme held on Thursday to formalise an agreement between IGC Business Holding Nepal and Japan's Keirinkan Co. The agreement aims to establish a joint venture in the IT sector.

"The government is giving high priority to foreign investment in the IT sector. We are committed to providing the necessary support and fostering a positive environment for such investments. The Government of Nepal is ready to cooperate and ensure a smooth process for foreign investors, particularly in the technology domain," stated Minister Bhandari.

He further said that this agreement marks a new chapter in technological collaboration between Nepal and Japan, significantly strengthening bilateral relations.

Ganesh Man Lama, Chairman of IGC Business Holding Nepal, highlighted the importance of the occasion, stating, "Today's ceremony is not just the signing of a document. It is the beginning of a journey – a journey of collaboration, growth, and shared vision between Nepal and Japan. This venture into the IT sector reflects our commitment to advancing digital transformation and technological innovation in Nepal, a goal that aligns with the ambitions of our government and the aspirations of our people."

Satoshi Sato, Chairman and CEO of Keirinkan Co, expressed his enthusiasm for the joint venture, emphasising that the partnership would not only strengthen business ties but also foster deeper bilateral relations between Nepal and Japan. He reiterated the company's commitment to expanding its operations in Nepal through this venture.

Yoshikawa Yusuke, CEO of Midnight Technology and coordinator of the event, underscored the importance of this collaboration in advancing technological progress in Nepal.

The official agreement was signed by Ganesh Man Lama and Satoshi Sato. Both parties expressed their commitment to driving Nepal's digital transformation by introducing cutting-edge IT solutions and innovations to the market.

This joint venture is expected to play a pivotal role in Nepal’s digital transformation journey, focusing on technological innovation and providing advanced IT solutions to the local market.

The ceremony concluded with a commitment from both parties to work together for mutual growth and success, building on the strong foundation of friendship and collaboration between Nepal and Japan.

Former Minister Padam Giri and Yasuyuki Yokoyama, First Secretary of the Embassy of Japan to Nepal, were also present at the occasion.

By RSS