Kathmandu. Current Fiscal Year 2083. As of the first quarter of 2018, Nepal has committed foreign direct investment of about Rs 16.25 billion.
According to the data released by the Department of Industry, foreign investment commitments worth Rs 16.23 billion have been received for 422 new industries and projects till September of the current fiscal year. This investment commitment has been received for a total of 422 industries and projects.
According to the department, out of 422 projects, investment commitments worth Rs 14.58 billion have been approved through the automatic route and investment commitments worth Rs 1.64 billion have been approved through the automatic route. Out of the 422 projects approved, 410 projects have been registered through the automatic route.
The previous fiscal year 2082. The foreign investment commitment has decreased significantly in the current fiscal year as compared to the same period of 83 years. Last year, investment commitments of more than Rs 35 billion were made during the same period.
According to the data of the department, the tourism sector has become the first choice of foreign investors on the basis of money. As of September, the highest commitment of Rs 6.08 billion has been received for 108 tourism-oriented projects.
Similarly, in the energy sector, only 2 projects have been approved, but the investment commitment is Rs 4 billion. Investment commitments of Rs 3.57 billion have been made in 33 projects in the service sector and Rs 1.60 billion in 25 projects in the manufacturing sector.
On the basis of the number of projects, out of 422 approved projects, 252 and about 60 percent of the projects are IT oriented. A total of Rs 92.83 crore has been committed for these projects.
A total of Rs 40 million investment is expected to come from two projects in the agriculture and forestry sector, while no foreign investment proposal has been received till September 1 in the mineral and infrastructure sectors.
