No minimum limit applicable for foreign investment up to Rs 50 crore in information technology industry

Foreign investors can now invest up to 500 million in automatic route in information technology based industries.

The Ministry of Industry, Commerce and Supply has published a notice in the gazette and set the upper limit of foreign investment in Nepal at 500 million rupees.

Investments can be made in information technology based technology parks, IT parks, biotech parks, software development, data processing, digital mapping, business process outsourcing, knowledge process outsourcing, data centers, data mining, cloud computing, web portals and web design services.

However, the minimum investment limit is not applicable when approving foreign investment through the automatic route in information technology-based industries.

It has been arranged that foreign investors can directly invest up to 500 million in energy-based industries, agriculture and forestry-based industries, infrastructure industries, tourism industries, service industries and manufacturing industries, including information technology-based industries.

According to the Foreign Investment and Technology Transfer Act 2075, the government has specified new boundaries and industrial zones in the gazette.