Nepal govt to raise FDI threshold to $200,000

KATHMANDU, May 11 (Xinhua): The Nepal government is preparing to revise its threshold for foreign direct investment (FDI) by four fold from the existing US$50,000 from the beginning of the coming fiscal year, officials said.

The introduction of new FDI threshold means that any foreign investors willing to invest in Nepal should commit at least $200,000 worth business ventures.

Nepal's Ministry of Industry (MoI) said that the move was planned to control low-level foreign investors whose interest is not to establish industries genuinely but to prolong their stay in Nepal for "whatsoever interests."