KATHMANDU: Foreign investors have recently shown increased interest in Nepal’s information technology sector, with IT projects accounting for the largest share of foreign investment commitments.
Of the 1,116 projects for which foreign investment commitments were received in fiscal year 2082/83, 727 are in the information technology sector.
Other sectors receiving investment commitments include manufacturing with 63 projects, energy with four, agriculture with 18, tourism with 227, services with 71, and infrastructure with two.
According to the Department of Industry, foreign investors have pledged Rs 5.8 billion for these projects.
The department reported that foreign investors had committed around Rs 6 billion to 842 projects in fiscal year 2081/82.
Suresh Dahal, information officer at the Department of Industry, said investors generally choose sectors based on their areas of interest. He added that some projects require substantial investment, which can increase the overall volume of foreign capital commitments.
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