Xinhua, Kathmandu :
A foreign investor will have to invest a minimum of nearly half a million U.S. dollar as Nepal’s government made an upward revision in the minimum threshold for foreign direct investment (FDI), a senior Nepali official said Friday.
Yam Kumari Khatiwada, secretary at the Nepal’s Ministry of Industry, Commerce and Supply, told Xinhua on Friday that a recent cabinet meeting increased the minimum threshold for FDI to 50 million Nepali Rupees (445,156 U.S. dollar) from existing 5 million Nepali Rupees (44,515 U.S. dollars).
The Himalayan country had recently introduced new Foreign Investment and Technology Transfer Act which has a provision that the government will set the minimum threshold for foreign investment and publish it in the Nepal Gazette.
“The Nepali government made upward revision in minimum threshold for foreign investment as it has been several years that the existing threshold was introduced,” Khatiwada said.
A foreign investor will have to invest a minimum of nearly half a million U.S. dollar as Nepal’s government made an upward revision in the minimum threshold for foreign direct investment (FDI), a senior Nepali official said Friday.
Yam Kumari Khatiwada, secretary at the Nepal’s Ministry of Industry, Commerce and Supply, told Xinhua on Friday that a recent cabinet meeting increased the minimum threshold for FDI to 50 million Nepali Rupees (445,156 U.S. dollar) from existing 5 million Nepali Rupees (44,515 U.S. dollars).
The Himalayan country had recently introduced new Foreign Investment and Technology Transfer Act which has a provision that the government will set the minimum threshold for foreign investment and publish it in the Nepal Gazette.
“The Nepali government made upward revision in minimum threshold for foreign investment as it has been several years that the existing threshold was introduced,” Khatiwada said.
