Saturday 27th July 2024
After almost two years of market collapse amid the pandemic, Nepal is witnessing a ray of hope on the horizon.
In the first two months of the fiscal year 2021/22, Nepal has seen a sharp rise in foreign investments.
Foreign investors from six countries have registered 71 projects at the Department of Industry (DoI) during mid-July and mid-September.
Surprisingly, around 30 of the registered projects are related to tourism business, the highest of all.
The foreign investors are looking to run hotels in Nepal, proposing to invest in around 25 hotels in just two months of the current FY.
Likewise, service sector received 20 proposed projects and manufacturing industry received 15. Moreover, four of the proposed projects are related to agriculture sector and one each to energy sector and IT industry.
Of the proposed foreign direct investments, 62 companies are from China, the highest of all.
Four companies are from India, two from the US, and one each from the Netherlands, Japan, and Vietnam.
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