Let’s get into the economic survey in Nepal. As all of us are well aware that china stands on top when it comes to a huge investment. China has been the biggest foreign investor in Nepal investing more than NRs. 14,000 crores. It has also given an opportunity for employment to 79,827 People.
And the next big investment is made by India. India comes second with an investment of more than NRs. 9,700 Crores. And the country has given proposed jobs to 73,195 people. As per the data, approved foreign investments from both the countries are: China has 44% while India has 30%.
Nepal has been pursuing a liberal foreign investment policy both as joint venture operations with Nepalese investors or as 100 percent foreign-owned enterprises. The investors that find profitable areas of investment include hydropower, industrial manufacturing, services, tourism, construction, agriculture, minerals, and energy. Additionally, many investors believe that agriculture and mining will harvest the best returns around the world in the coming 20-30 years. Global inflation will be higher than predicted.
The Government of Nepal has found a high-level Investment Board, led by the Prime Minister of Nepal to attract foreign as well as domestic Investment to lift the economy. It is also believed that there will be more openings in Nepal as the middle-class population grow in Nepal, also as, rate of returns on investment in Nepal is high.
There are few sectors that don’t allow foreign investment. They are reserved for national financiers to promote small local enterprises, some to protect local skills and capability, some are restricted for national security reasons. Likewise, No foreign investment is acceptable in cottage industries. However, approval of the GoN is required for foreign investment in all the sectors.