KATHMANDU: Prime Minister Balendra Shah has said that promotion of game development and the information technology (IT) sector in Nepal could foster an environment conducive for Nepali businesses to prosper in the international market and evolve into global unicorns.
Taking to his social media account today, Prime Minister Shah has mentioned that all necessary regulations and conditions will be assessed for this purpose.
He noted that there are companies that have gained international recognition by developing gaming applications in Nepal, highlighting that the globally renowned Ludo (approximately 200 million downloads) and Callbreak game (over 150 million downloads) were created by Nepali developers.
Furthermore, he mentioned that numerous young individuals are keen on developing gaming applications. “We reached out to them to understand their challenges and discussed ways to simplify the game development sector, advancing it as an industry. We have now commenced the groundwork to address their issues,” Prime Minister Shah said.
The Prime Minister has in the social media post noted that IT-related ‘products’ and exports are currently in a very favorable condition, and considering our capabilities, the ease of earnings for companies, reinvestment opportunities, tax simplifications, and policy reforms and well as regulations concerning international income will be streamlined.
Additionally, the Prime Minister has mentioned that investments will be directed towards the overall ecosystem to benefit the IT product and gaming industry comprehensively through game jams, startup events, hackathons, through regular engagements with the information technology sector, and the Rastra Bank and the Ministry of Finance.
