Friday, 18th April 2014

Indian firms biggest investors in Nepal


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Kathmandu, January 12: About 525 Indian companies engaged in a range of activities from manufacture to tourism have created 58,161 jobs in the Himalayan nation, and India is the biggest source of foreign investment, statistics from the government revealed.

Statistics provided by Nepal’s Department of Industry (DoI) showed that the total project cost of these 525 Indian ventures stood at Rs.66,612.82 million, with total fixed cost of around Rs.54,603.67 million. The component of foreign direct investment was almost Rs.34,809.5 million up to the middle of the year 2013, the report said.

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