Foreign Investment Interest Grows in IT Sector
Summary
Foreign investors are showing growing interest in Nepal’s information technology sector, with 727 of 1,116 projects in fiscal year 2082/83 focused on IT. The Department of Industry says committed foreign investment has reached Rs 58 billion, while the previous year saw about Rs 64 billion across 842 projects.
Key Points
- Of the 1,116 projects received in fiscal year 2082/83, 727 were in information technology.
- Committed foreign investment totals Rs 58 billion, according to the Department of Industry.
- In fiscal year 2081/82, the department received investment commitments of about Rs 64 billion across 842 projects.
- Department information officer Suresh Dahal said investors choose sectors based on their interests and project size can raise total capital commitments.
