At the high-level Nepal-UK Tech Forum held at the Nepali Embassy in London, UK, policy makers, diplomats, business leaders and technology entrepreneurs from both countries said that there are many possibilities for investment and cooperation in the field of information technology in Nepal.

According to the Nepali Embassy in London, Nepali Ambassador to the UK Chandrakumar Ghimire said that Nepal is one of the most democratic and inclusive countries in South Asia. Referring to the recent economic and policy reforms, he said that Nepal has now become an energy exporting country and has a vibrant IT market.

Ambassador Ghimire told the British companies that Nepal's  To outsource IT services  And asked to invest in Nepal. British Ambassador to Nepal, Rob Fenn, said that the British  He said that now is the right time to bring in investments and increase bilateral trade.

He said that the base is ready for investment in IT and renewable energy and said that preparations are being made to make a double tax exemption agreement between Nepal and the UK.

Member of Parliament Alex Baker, Chairman of 'All Nepal Parliamentary Group' in the British Parliament said that it is necessary to start direct air service between Nepal and UK. Sushil Gyawali, chief executive officer of the

Investment Board, said that the government of Nepal has given priority to energy, information and communication technology, infrastructure development, and said that Nepal has given permission for 100 percent foreign direct investment in information technology, tax exemption for seven years and the facility to repatriate profits.

He also told that there is a plan to build IT parks in all seven provinces and establish an IT promotion board under the chairmanship of the prime minister. He said that the board is ready to facilitate foreign investors.

Tim Gochar, founder of Dolma Impact Fund, said that there is immense potential to increase Nepal's productivity through artificial intelligence and data centers. He said that world-class data centers can be built by mobilizing Nepal's cold climate, clean energy and digital manpower in the Himalayas.

President of Nepal Confederation of Industry and Commerce Chandra Prasad Dhakal said that despite being in emerging sectors like information technology and digital services, Nepal has shown the ability to compete at the world level in the digital and service sector.

'We are open to joint ventures, e-governance and other partnerships . We invite you to collaborate in building a digital future', he said.

Anjani Phuyal, Chief Executive Officer of Janes Solutions, a UK-headquartered information technology company, said that Nepal's young workforce is providing quality services to the global market, saying that there is a rare combination of low cost and high quality in Nepal. He said that technology infrastructure should be expanded to all provinces of Nepal.

Santosh Koirala, president of NAS IT, a representative organization of information technology companies in Nepal, said that about ninety thousand young people are currently working in the information technology sector and the annual income of about 800 million US dollars is generated from this sector  .

'More than 75 percent of our total exports go to America . In the next four to five years, we want to expand the market in Britain as well", he said.

Founder of Dolma Impact Fund  Tim Gochar said that Nepal's cold climate, clean energy and digital manpower can be used to build world-class data centers. In the

event, Hemraj Dhakal, Co-Founder and Managing Director of IME Group, Nileshman Singh Pradhan, CEO of Nepal Clearing House Limited, Niranjan Kunwar, Global CEO of Janes Solutions, Ruvi Raut, a young entrepreneur working in the UK, Dr. Kapil Rizal, President of the UK Nepal Chamber of Commerce, etc. He said that there are many possibilities to increase investment.