Foreign investors register 194 industries

Subas Gauli

April 16, 2018, 11 a.m.

Kathmandu, April 16. As many as 194 industries with foreign investment have been registered at the Department of Industry during first eight months of the current fiscal year.

According to the information provided by the Department, 10 large-scale, four medium-scale and 180 small-scale industries have been registered till March 14.

Among the industries registered, 11 are related to agriculture, four related to energy, 17 related to information, broadcasting and communication technology, 39 production-oriented, one related to mineral, 62 services related and 60 related to tourism.

The investment above Rs 100 million is considered small industry, investment from Rs 100 to Rs 250 million is referred as medium scale and investment above Rs 250 million is taken to be big scale industry.

As of now around 7,500 industries have been registered at the department.
According to Department’s Information Officer Durga Prasad Bhusal, investment has increased in industrial sector with the formation of a stable government following the completion of three-tiers of governance.

“Industrial sector has seen increase this year in comparison to the previous year”, he added.