The “Policy Summit 2023” was jointly organized by the National Planning Commission and USAID T&C, along with participation from prominent private sector organizations like CNI, FNCCI, FNCSI, FWEAN, HAN, and NBA. Amidst a gathering of distinguished voices, NAS-IT shared its views on the policies that could help build Nepal as an IT hub. While acknowledging the sector’s immense potential, it also highlighted many challenges and hurdles in the political and legal fronts that need to be addressed for global expansion in the tech sector. NAS-IT’s presentation delved on various requests for policy amendments such as allowing Nepali tech companies to open their subsidiaries and joint-ventures abroad, reducing the FDI minimum investment to under $20,000 and creating a fast-paced FDI approval process, prioritizing local companies while procuring software for government agencies, etc.

NAS-IT, in collaboration with Nepal Private Equity Association (NPEA) and USAID T&C, conducted a Private Equity Information Sharing Session. This session empowered the NAS-IT members with the knowledge and information to explore new investment horizons. This event spurred insightful discussions to harness the potential of private equity and venture capitals to propel their ventures to new heights. 

Virtual Open House : Learn About NAS-IT was an informative session where NAS-IT shared the association’s visions, plans, membership procedure, and benefits. It was an interactive session that helped NAS-IT pave its future plans through the valuable inputs and feedback provided by the participants. The session served to validate the establishment of the association.

To ease financial access to its member companies, NAS-IT signed an MOU with Kumari Bank Limited (KBL) to provide collateral-free working capital loans to its members. Under this partnership, NAS-IT members will have access to a working capital loan facility of up to Rs. 10 million without the requirement of collateral. By alleviating financial constraints, this collaboration aims to empower member companies to explore new horizons and innovative opportunities.