Thimphu Tech Park Limited (TTPL) is very important, given the huge investment that has been made by the government on it, Lyonchhen Tshering Tobgay told local reporters on Thursday.
Lyonchhen said the TTPL, if it succeeds, will help out the private sector, as it is likely to create employment for the youth, and increase government revenue.
He also said the Tech Park’s vision had not been fulfilled.
“When I talked with DHI and the coordinators of Tech Park, they said our vision is to create 700 jobs in three years, while the park is just one and a half year old. Just now, we can’t say that it’s a failure. We will consider ourselves as a failure in three years, if we cannot create 700 jobs then,” Lyonchhen said.
Lyonchhen said the TTPL shouldn’t be waiting for three years for they have more work to do. “If they ask for help from the beginning, the government is ready to help them,” he added.
TTPL’s chief operating Officer, Tshering Cigay Dorji said till now they have generated about 220 number of employment, of which Scan Café provided about 170 jobs, Shaun Communication has generated about 30 jobs and Thimphu Tech Park Private Ltd has generated about 15 jobs.
TTPL is considered the flagship IT development in Bhutan. The country’s first IT Park is promoted by the Department of Information Technology and Telecom (DITT), Ministry of Information and Communications with support from the World Bank and developed jointly by Assetz Property Group, Singapore, a leading development management corporation focused on South Asia, and Druk Holding and Investment (DHI).