More than just mountains: Why Nepal can be the next top IT outsourcing destination

Outsourcing has become a popular strategy in the business world to reduce costs and save time. Every business outsources their work one way or the other. It is simply impossible to carry out every job in-house. As the global economy is being more interconnected through the internet, outsourcing IT jobs and projects is more logical now than ever before.

Nepal is mostly seen as an exotic destination to experience the majestic Himalayas and rich culture, or as a sacred spiritual destination. However, what is often overlooked is that the landlocked country is a hub for hundreds of thousands of IT professionals and numerous companies providing world-class services to clients all around the world. Despite being a small country with a population of just under 30 million, it produces more than 20,000 IT graduates every year ready to enter the IT industry.

Here is an exhaustive list of reasons why Nepal can be the next top IT outsourcing destination for companies all around the world:

Timezone Advantage

Nepal falls in the GMT+5:45 timezone, making it a favorable location for companies in the US and Europe to outsource their IT work. The time difference allows for 24-hour work cycles and quick turnaround times. Some might see this as a disadvantage but many companies here provide 24 -hour service that caters specifically to those regions.

English Proficiency

Nepal has a high literacy rate of more than 75% and a large number of English-speaking professionals, making it easier for companies to communicate and collaborate with their outsourcing partners.

People here are proficient in English, especially the IT employees, and can converse with native speakers with ease. The education system in Nepal prioritizes learning English from the very start of formal education. In plenty of cases, people are more proficient in English than in their own native language.

Skilled Workforce

Nepal has a pool of talents in the IT industry all thanks to the high quality of Nepalese and the foreign universities here. There is also a trend of studying in Western countries like the USA, Australia, and the UK.

In recent years, the number of Nepalese international students in Australia and Japan was one of the highest-ranked, which is a significant number as Nepal has a fairly small population compared to other nations. This has created a highly skilled workforce here with international exposure and their influence can be seen in the whole IT industry.

These professionals are skilled in Web development, app, and software development, AI consulting, etc.

Cultural Resonance

Nepal’s cultural affinity does share some similarities with Western culture. Nepal’s culture has been largely influenced by the West for most of the 21st century. Youths are mostly familiar with Western culture, norms, and values. So, it will be easy for the clients to relate and communicate with the stakeholders in Nepal.

24-hour high-speed internet access

Nepal has exponentially improved its internet infrastructure in the past decade which has helped IT companies in Nepal to prosper. A wide network of fiber optics has already been established as opposed to traditional copper wire connections. Nepal also has an uninterrupted supply of electricity which makes the workflow smooth and seamless.

Proximity to India and China

As I mentioned before, Nepal is a landlocked country sandwiched between two powerhouse nations, India and China. These two countries have already established themselves as ideal IT outsourcing partners. This peculiar locational proximity has allowed companies in Nepal to work and collaborate with the companies there and gain valuable experience and resources.

Emerging Start-Up Scene

Nepal is filled with Tech-savvy young personalities with an entrepreneurial spirit. And, a rising trend of venture capital and angel investment in tech start-ups in Nepal has only fueled this society.

In recent years, Nepal has made huge leaps in the IT industry. Wide access to the internet and rapid digitalization has created a breeding place for the IT industry in Nepal. Numerous international companies have partnered with Nepal’s IT companies seeing the rapid growth and bright future here.

Reference:

https://studee.com/guides/10-most-popular-countries-for-international-students/