Published On: September 20, 2021 07:20 AM NPT By: Republica | @RepublicaNepal
KATHMANDU, September 20: Foreign investors are found increasingly attracted to run hotels in Nepal with such companies proposing to invest in around two dozen hotels in the first two months of the current fiscal year.
According to the Department of Industry (DoI), investors from six countries registered 71 projects at the department during mid-July and mid-September. Of them, 30 were related to tourism businesses.
Similarly, 20 proposed projects are related to the service sector, 15 to manufacturing, four to agriculture and one each to energy and information technology. Of the proposed foreign direct investment, 62 are Chinese companies, the largest of all.
Four Indian companies, two US-based companies and one each from Japan, the Netherlands and Vietnam are in the list.
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