Foreign investors drawn towards IT sector projects
Summary
Foreign investors are showing growing interest in Nepal’s information technology sector, with 727 of 1,116 projects received in fiscal year 2082/83 falling under IT. The Department of Industry says pledged foreign investment has reached Rs 5.8 billion, up from about Rs 6 billion across 842 projects in the previous fiscal year.
Key Points
- Out of 1,116 projects received in fiscal year 2082/83, 727 are in the information technology sector.
- The Department of Industry says foreign investors have pledged Rs 5.8 billion in investment.
- In fiscal year 2081/82, about Rs 6 billion was committed for 842 projects.
- Information officer Suresh Dahal said investors choose sectors based on their interests and some projects require large capital outlays.
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