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Nextrail has selected Nepal to establish its first institute focused on the rapid development of highly trained software engineers, the Institute of Information Technology Nepal (IIT-N). There are several strong factors for establishing a proof of concept project in Nepal. Nepal currently stands as the twelfth poorest country on the planet with an annual per capita income of $220USD. The annual growth rate over the past decade has been as low as 2.2%. The country's population rests at 23.4 million with an annual growth rate of 2.4%. Nearly half of its population currently live below the U.N. Poverty Line. Beyond the acute need for diversification of economic sectors which several strong software development firms would provide, Nepal is positioned to have a success in the software field due to the existing education structure, local ambition, and the country's physical and cultural proximity to India, a country with booming success in the IT industry. |
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