Nepal, Dec. 31 -- With rapid internet expansion and technological advancements, Nepal's IT sector is entering a new growth phase-one that is opening doors for companies to invest abroad and generate billions in revenue. Recognizing this potential, Nepal Rastra Bank (NRB) has eased regulations to facilitate both foreign investment into Nepal and Nepali companies' investments overseas.

The government has set an ambitious target of Rs 3 trillion in IT exports over the next decade-equivalent to Rs 300 billion annually-prompting key policy reforms to attract domestic and foreign investment. NRB Governor Dr. Biswo Nath Poudel said Nepali IT exporter companies can now invest up to USD 1 million (around Rs 140 million) abroad. "Even companies th...