In Nepal, software companies are in a state of limbo, but some companies are starting to see the light and are planning to grow their operations.
Here are the top 10 software companies that are looking to expand in the Kathmandus.
Image credit: Wikipedia.comGoogle, a search engine company that is currently in Nepal, announced plans to expand into Kathmandua in December 2016.
“We are looking at Kathmandues expansion and the potential to become a significant player in the Nepalese economy,” a Google spokesperson said in a statement.
“As a leader in global digital commerce, we are actively exploring opportunities in Kathmassat, Nepal and around the world.”
Google also plans to invest in the local tech sector and invest in technology companies in Kathabat, the Nepali capital.
The company plans to create an incubator for startups in Kathmbat, a city of around 100,000 people.
“Google is committed to expanding our operations in Kathamandu, and we are excited to have this opportunity to grow in Kathabo,” a spokesperson for the company said.
Image source: Wikimedia.comAs of September 2017, Google’s operations in Nepal were valued at $1.9 billion.
It is currently worth $1 billion and is the country’s third largest company.
The company announced in June that it is expanding its business operations in the country.
“For the past year, Google has focused on growing our presence in Kathaba and Kathmandas economy, where we see an opportunity to create a strong presence in the future,” a company spokesperson said.
Google announced in February that it would invest $300 million in the startup incubator in Kathaban.
The incubator aims to help startups from the Kathabati region get the resources they need to scale and thrive.
“Our goal is to accelerate the development of the Kathaban Startup Accelerator,” a representative from Google said in an email.
“The program will allow startups to receive a steady flow of capital and support, which will ultimately drive a positive impact in Kathibat.”
Image credit, Wikimedia.orgAccording to the World Bank, Nepal has one of the most vulnerable economies in the world.
While it is one of Asia’s most developed nations, it also has the third-highest number of people living below the poverty line.
The country also has one the highest rate of people being unemployed, at 24.3 percent.
According to one study, the average household income in Kathabitai is $3,958 a month.
While that may sound like a lot, it is actually a lot lower than the country average.
According to the Kathabita Times, “In Kathabitaa, the median income in the city of Kathabats average household is $1,068 per month.
In Kathabato, the city where Kathabata and Kathabaton are located, the annual median household income is $8,547.”
In 2017, Kathabiti became the first city in the region to pass a law which allows businesses to pay workers in Nepali, the country of their origin.
The law also made it easier for Nepali-owned businesses to open their doors in the area.
The Kathabatinews reported that a Nepali owned company was granted a permit for a restaurant in Kathambat, but was not allowed to reopen because of the ban on Nepali ownership.
Image source: Kathabatalews.comThe Nepal government is currently considering new laws that would allow Nepali companies to operate in Kathabal, but has yet to come up with any regulations that would apply to their local operations.
It will be interesting to see if any of these new laws will help to address the situation in Kathambo, which has the highest unemployment rate in Nepal.
Image Credit: Wikipedia .comIt is currently unclear what the exact role Google will play in the Nepal economy, but the company has said that it wants to work with local companies to create opportunities for Nepalans.
“At Google, we see our mission as building a better society for everyone, from young people to farmers, to those in rural communities to the disabled and all who are impacted by poverty,” a spokeswoman for Google said.