Foreign Investment Commitments Exceed 47 Billion in 11 Months

Kathmandu. In the first 11 months of the current fiscal year (2082/083), direct foreign investment (FDI) commitments have reached over 47 billion. According to the Department of Industry, FDI worth 47 billion 61 crore 69 lakh 46 thousand rupees was approved by the end of Baishakh. During this period, 7 billion 71 crore worth of FDI was approved through the automatic route and 39 billion 90 crore through the approval route. In the month of Jestha 2083 alone, foreign investment worth 2 billion 29 crore 53 lakh rupees was approved. According to the department, a total of 186 projects were approved in the month of Jestha. In 11 months, this investment commitment came through a total of 914 companies. 203 companies were registered through the approval route and 711 companies through the automatic route. Out of the 186 projects approved in the month of Jestha, 183 are small-scale industries and 3 are medium-scale. No large-scale industries were approved this month. It is estimated that 1,221 people will get employment when these industries come into operation. In the first 11 months of the fiscal year 2082/083, it is estimated that 25,450 people will get employment from a total of 914 projects with foreign investment commitments. The department stated that the government has so far approved 7,374 investments for the registration of 5,248 industries, with foreign investment commitments worth 660 billion 43 crore 89 lakh rupees. In the first 11 months of the fiscal year 2082/083, it is estimated that 25,450 people will get employment from a total of 914 projects with foreign investment commitments. According to the Department of Industry, the agriculture and forest-based sector appears to be the most attractive in terms of investment. In terms of the number of projects, the information technology sector has approved the most 577 industries, with investments in the agriculture and forest-based sector amounting to 22 billion 8 crore, or 46 percent, approved. Similarly, investments of 12 billion 99 crore in the tourism sector, 4 billion 59 crore in the service sector, 3 billion 57 crore in the manufacturing sector, 2 billion 36 crore in information technology, 1 billion 65 crore in infrastructure, 23 crore 42 lakh in energy, and 11 crore 50 lakh rupees have been approved. According to the department's comparative graph, fluctuations in investment have been observed in the first 11 months of the current fiscal year, with the highest investment (around 25 billion) approved in the month of Shrawan, the beginning of the fiscal year. In the month of Jestha, 95 investors, 51 representatives, and 85 dependents were recommended for business visas. Similarly, in the month of Bhadra, investment declined compared to Shrawan. From Ashwin to Magh, the investment graph fell to a very low point, with investment being lowest in the months of Mangsir and Poush. There was some improvement in the investment graph in the month of Falgun. In Shrawan, the highest investment of about 24 billion rupees was approved for the year, while in Bhadra it decreased to about 9 billion. In the following months, investment commitments were around 3 billion in Ashwin, 1.5 billion each in Kartik and Mangsir, and around 1 billion in Poush. Investment, which reached 1.5 billion again in Magh, fell to about 1 billion in Falgun. Investment, which reached 1 billion in Chaitra and about 3 billion in Baishakh, was approved at 2 billion 29 crore in the month of Jestha. In the month of Jestha, 95 investors, 51 representatives, and 85 dependents were recommended for business visas. Similarly, in the month of Jestha, approval was given to repatriate 44 crore 75 lakh rupees as royalty and 79 lakh 86 thousand rupees as dividend.