Kathmandu: Nepal received Rs.11.15 billion foreign direct investment(FDI) commitment from Chinese investors. The committed is recorded within the first two months of the current fiscal year 2078/79.
According to the Department of Industry, this figure amounts to half of the total FDI commitment made by Chinese investors in last fiscal year 2077/78. During, last fiscal year, Chinese investors committed Rs. 22.50 billion FDI in Nepal.
A total of 62 Chinese-invested industries and businesses have been registered, including 26 industries and businesses related to tourism and hotel business. In the first two months of last fiscal year, a total FDI commitment of Rs 7.40 billion was received from Chinese investors.
According to the Department of Industry, Chinese commitments accounted for 95 percent of the FDI commitments received by the first two months of current FY. For the last six consecutive years, Chinese investors have topped the list in terms of FDI commitment, followed by India.
Apart from tourism business, Chinese investors have registered industries and businesses including cargo handling, electrical equipment repair, construction work, software production, packaged drinking water, readymade garment production, electric vehicle assembling plants etc.