Investment Policy 2067 (Nepali Version)


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Foreign Investment Policy

Nepal has opened the doors to foreign investment in comparatively recent time. Within a short period, however, 399 foreign investment projects with the total project cost of Rs. 53.3 billion have been registered.

The foreign investment in these projects amounts Rs. 11.6 billion. These foreign investment projects are mainly in hydro power, mineral exploitation, chemicals, tourist hotels and restaurants, specialized services and in food and beverage industries. These investments have come mainly from India, Japan, USA, China, S. Korea, Germany, France, Hongkong, UK, Switzerland, Thailand, Pakistan, Austria, Singapore, Bermuda, Netherlands and Taiwan.

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Labour Policy

Nepal has an easily trainable and keen work force. Unskilled labour is cheap and abundant. Semiskilled and skilled labour are available in sufficient numbers. The government has established technical institutions to develop skills at the technical level in civil and electrical engineering, electronics, air conditioning/refrigeration, general mechanics and auto mechanics.

Training programmes are also geared to industrial and vocational training in wood working, metal working, leather working, general fitters, tailoring and so on. The programmes on entrepreneurial and management development and the colleges of higher learning provide educated persons to be groomed for managerial positions on both public and private sector industries.

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Tourism Policy

The tourism industry is growing very rapidly and Nepal has tremendous potential for tourism development because of its unique natural and cultural heritage. In this context, this tourism policy has been formulated with the aims of: increasing national productivity and income; increasing foreign currency earnings; creating employment opportunities; improving regional imbalances and projecting the image of Nepal more assertively in the international arena; through the development and diversification of the travel and tourism industries.

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Trade and Industrial Policy Highlights

Objectives :
+ To enhance the contributions of trade sector to national economy by promoting internal and international trade with the increased participation of private sector through the creation of an open and liberal atmosphere.
+ To diversify trade by identifying, developing and producing new exportable products through the promotion of backward linkages for making export trade competitive and sustainable.
+ To expand trade on a sustained basis through gradual reduction in trade imbalances.
+ To co-ordinate trade with other sectors by expanding employment-oriented trade.

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IT Policy

As a developing country, Nepal has availed of the opportunity to rapidly develop various sectors such as education, health, agriculture, tourism, trade, among others, using information technology. The extensive application of this technology will engender economic consolidation, development of democratic norms and values, proportional distribution of economic resources, and the means and enhancement of public awareness, thereby raising living standards and, most importantly, contribute significantly to poverty alleviation. The establishment of a vibrant information technology will mitigate some of the disadvantages Nepal faces on account of its geographical conditions.

In the coming years, globally, there will be a significant difference between the economic conditions of countries with developed information technology and that of countries lagging behind in this field. The persistence of such disparities between countries will be difficult to accept even by the developed countries. It is very possible that the international community will extend its support to developing countries in the development of information technology. Such assistance will certainly be significant for the national development of a least developed country like Nepal . Hence, an information technology policy is required to develop information technology in the shortest time possible for the sake of the national economy.

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