Tourism sector attracts more investment

KATHMANDU, July 18:The tourism industry has seen an increase in investment commitment during the most last  fiscal year, 2080/081. According to data published by the Department of Industry, investment commitment in the tourism industry grew in the fiscal year 2080/081, compared to 2079/080.

The tourism industry has noticed an increase in 5 billion in investment pledges. Through the department, investment commitments of 30.53 billion rupees were made in 134 tourism-related industries during the previous fiscal year. In 2079/080, 25.27 billion rupees were invested in 76 tourism-related projects.

The number of projects receiving investment pledges has increased during the last year. Although the number of projects has expanded, the level of investment commitment has not increased proportionally.

According to the department, only seven projects have received investment commitments totaling more than one billion  in the past year. There is a two-billion commitment for one cable car  project. Prabhu Cable Car Group has entered the sector by operating a cable bar project with a 2 billion rupee investment in Chitwan's Ichchhakamana.

Similarly, investor Rajendra Shakya has made a one billion investment in Hotel Massif Pvt. This is the project registered at the Department  of Industry with the highest investment commitment in the tourism sector in the previous year. This hotel has received a 4.81 billion investment commitment. The hotel will contain 475 beds. The hotel is under construction in Gwarko Chowk in Lalitpur. 

Similarly, the 'Hotel Atrium' being built by Durga Prasai has been registered with the department. The hotel has received an investment commitment of 2.84 billion. The hotel structure is now complete. The hotel will also feature 100 rooms and a restaurant with a capacity of 200.

A structure will be built in which a casino will also be operated in the hotel of Prasai. The hotel is being built on six bigha of land. The hotel will provide all of the services and facilities required of a five-star hotel, including a casino and a banquet hall.  The Prasai plans to open a hotel that will cater to both domestic and foreign tourists.

Similarly, with an investment commitment of 1.16 billion, a hotel management company has been registered in

Similarly, Buddha Hotel Pvt Ltd has been registered with the department in Rupandehi, with an investment of 1.85 billion rupees. The hotel will contain 200 beds. The hotel also conducted an environmental impact study. The hotel has a 100% Nepali investor commitment.

Similarly, Buddha Hotel Pvt Ltd has been registered with the department in Rupandehi, with an investment of 1.85 billion rupees. The hotel will contain 200 beds. The hotel also conducted an environmental impact study. The hotel has a 100% Nepali investor commitment.

Similarly, along with an investment commitment of 1.16 billion, a hotel management company was registered in department.
In addition to a 1.16 billion investment commitment, the department has registered a hotel management company. Watford Hotel Management Pvt Ltd has registered with the department. A 92-bed hotel will be erected.

Similarly, Veda Hospitality has been registered in Rupandehi to run an investment hotel worth 4 billion 11 crore rupees. The company is registered in the sector and plans to establish a hotel with 270 beds.

Similarly, with an investment commitment of 1 billion 15 million rupees, KTM has been registered with the Hospitality Industry Department.

Similarly, Yaksha Hospitality, along with a 2 billion investment pledge, has been registered with the Industry Department. The project will include the construction of a hotel with 115 beds.