Kathmandu, April 16, 2018 : As many as 194 industries with foreign investment have been registered at the Department of Industry, during first eight months of the current fiscal year.
As per the information provided by the Department, 10 large-scale, four medium-scale and 180 small-scale industries have been registered till March 14.
11 are related to agriculture, four related to energy, 17 related to information, broadcasting and communication technology, 39 production-oriented, one related to mineral, 62 services related and 60 related to tourism, as stated in the information provided by the department.
According to contemporary categorization practices, investment above Rs 100 million is considered small industry, investment from Rs 100 to Rs 250 million is referred as medium scale and investment above Rs 250 million is taken to be big scale industry.
Durga Prasad Bhusal , the Department’s Information Officer stated that investment has increased in industrial sector with the formation of a stable government following the completion of three-tiers of governance. He also added that, “Industrial sector has seen increase this year in comparison to the previous year”.
Around 7,500 industries have been registered at the department as of now.