Foreign investors drawn to IT projects in Nepal
Summary
Foreign investors are showing growing interest in Nepal’s information technology sector, which has attracted 727 of the 1,116 projects received so far in fiscal year 2082/83 BS. The Department of Industry says pledged foreign investment for these projects has reached Rs 5.8 billion.
Key Points
- Foreign investors have increasingly turned to Nepal’s information technology sector, which accounts for the bulk of new project commitments.
- Out of 1,116 projects received in fiscal year 2082/83 BS, 727 are in information technology.
- The Department of Industry says foreign investment pledges for these projects total Rs 5.8 billion.
- Department Information Officer Suresh Dahal said investors choose sectors based on their interests and some projects require large capital commitments.
