More Than 2 Billion Foreign Investment In Information Technology
More than two billion foreign investment is expected to flow into Nepal's information and communication technology sector. According to the statistics of the Department of Industry, a total investment commitment of Rs. 2.5 billion has been received since July of the current Fiscal Year 2077/78.
According to the department, five foreign companies have expressed their commitment to invest till January 25. There are four companies in China and one in Singapore.
Out of that, Rs 1.65 billion has been committed from the Singapore company alone. According to the department, 400 million investment commitments have come from four Chinese companies.
All this investment is related to software development. Five industries have also been registered in the current fiscal year with the objective of operating information and communication technology industries.
The total capital of all these companies is Rs. 650 million. It is mentioned that 240 people will get direct employment from the operation of the industry.