Foreign Investment Interest Grows in IT Sector

Kathmandu. In recent times, the attraction of foreign investors in the field of information technology has been observed. Of the one thousand 116 projects received in the fiscal year 2082/83, 727 are solely in information technology. Among the committed investment sectors, production is 63, energy is four, agriculture is 18, tourism is 227, service-oriented is 71, and infrastructure is two. According to the Department of Industry, investors have committed foreign investment of Rs 58 billion. The department stated that in the fiscal year 2081/82, commitments of approximately Rs 64 billion were received for various 842 projects. According to the department's information officer Suresh Dahal, investors search for their area of interest. He said that the capital size increases because some projects involve large investments.