Babesa, Thimphu, Bhutan
To be a vibrant Technology Park and the Centre of Excellence for Information Technology Services.
The initial concept document on the World Bank-led Private Sector Development Project of which IT Park is one of the three components date back to 2006. The other two components of the Project are Development of a skills program for promoting the IT/ITES industry, and Strengthening the financial sector through deployment of technology.
The Royal Government of Bhutan (RGoB) received a grant from the International Development Association (IDA) toward the cost of the Private Sector Development (PSD) Project in 2008. As a part of these initiatives, DITT/MoIC/RGoB initiated the development of a 50,000 sq ft world-class IT Park property – Thimphu TechPark – on a Public Private Partnership (PPP) model, at Babesa, on 5 acres of government land leased for 30 years renewable by two more 30-year terms based on mutual agreement.
The objectives of the project are to increase productive employment in Bhutan through promotion of enterprise development in the IT/ITES sector, enhanced IT skills, and improved access to finance. The construction phase of the IT Park was completed on 30 April 2012. The operations phase of the IT Park began from 7 May 2012.
Thimphu TechPark (TTP) is the first IT Park in Bhutan promoted by the Ministry of Information & Communications with support from the World Bank and developed by Thimphu TechPark Limited (TTPL) on the DBFOOT (Design, Build, Finance, Own, Operate, Transfer) Public Private Partnership model.
TTPL’s focus, since the start of operations in 2012 till now, has been on two core services: leasing commercial space within the 58,000 sq. ft. building and managing Bhutan Innovation and Technology Centre which contains Bhutan’s first incubation centre and a Tier-2 Data Centre. The company did well in meeting the objectives in these two areas and becoming profitable by 2016.
However, from 2019 onwards, in line with the DHI Roadmap, the company has evolved as a major IT services provider in the country, especially in the field of software development. It has started by catering to companies within DHI Group, and now, it has started serving other clients too. The company is focusing on becoming the Centre of Excellence for IT, and will consolidate the DHI Group’s IT services and resources (including the data centers), and replace all legacy systems and applications with up-to-date applications.