Thimphu TechPark – Bhutan’s First IT Park
Thimphu TechPark (TTP) is the flagship IT development in the Kingdom of Bhutan, a kingdom located on the lap of the Eastern Himalayas, known for its strong environmental conservation policies and the unique development philosophy of Gross National Happiness.
It is the country’s first IT Park – promoted by the Department of Information Technology & Telecom, Ministry of Information & Communications, Royal Government of Bhutan, supported by the World Bank and developed jointly by Assetz Property Group of Singapore and Druk Holdings & Investments, the commercial arm of the Royal Government of Bhutan. The groundbreaking ceremony for the IT Park was held on 18th May 2010 (see press release) and the construction was finally completed on 30th April 2012.
The operations of Thimphu TechPark started on 7th May 2012. Currently, we have a data centre, few domestic companies and seven international IT/ITES companies (Scan Cafe from the USA, ZOOP from Canada, SELISE from Switzerland, MultiRational from Australia, Southtech from Bangladesh, Bid Ocean from Canada and Data Scientists from Australia) employing more than 700 people at the IT Park. We also have an incubation centre where Bhutanese entrepreneurs can avail furnished workstation or foreign companies can run a pilot operation to test the opportunities offered by Bhutan.
For detailed background and the role of Thimphu TechPark, please refer the article “The Role of Thimphu TechPark in Bhutan’s Technological and Socio-economic Advancement” at this link.
The article may be referenced as follows:
Dorji, T.C., 2020, “The Role of Thimphu TechPark in Bhutan’s Technological and Socio-economic Advancement”, The Druk Journal, Spring 2020 issue on the theme ‘Bhutan in the Age of Technology’, Vol: 6, No. 1, pp. 28-38.
Background of Thimphu TechPark Ltd., the company that owns and operates the IT Park
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.
In the Picture: The PPP Contract Signing Ceremony between Mr Mike Holland (CEO of Assetz Property Group and Thimphu TechPark Private Ltd) and Mr Tenzin Choeda, Director of DITT, on 4th September 2009.