Saturday May 21, 2022
Saturday May 21, 2022

30B foreign investment commitment in 5 months


Nepalnews
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2021 Dec 21, 13:19,
Photo Description: Nepalese Rupees Photo: NepalNews

Thirty billion foreign investment commitment has been made in the first five months of the current fiscal year from last July to December 7. According to the five-month data released by the Department of Industry, foreign investment has been committed in 122 industries with an investment of Rs. 30 billion. According to Gyanendra Parajuli, the information officer of the department, the industries have been registered under six different headings.

The highest investment commitment has come in the service sector. An investment commitment of Rs. 15.95 billion has been made in 35 industries of the sector alone.

Similarly, four investment commitments have been made from China in agriculture and forestry-based industries. At the rate of Rs. 150 million per industry, Rs. 60 million investment commitment has been made in four industries. In the energy industry, the Netherlands has invested Rs 56 million in one industry and Rs 450 million in six industries based on information, communication, and broadcasting technology.

An investment of Rs. 3.24 billion has been committed in 19 industries of the manufacturing sector and Rs. 9.55 billion in 55 industries related to tourism. According to the new arrangement, industries with foreign investment will not be registered in Nepal with an investment of less than Rs. 50 million.

Of the five-month foreign investment commitments made public by the department, the largest investment proposal came from China. According to statistics, about 80 percent of the total commitments in five months came from China. China has committed Rs. 23.64 billion more in 102 industries.

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Foreign investment economy business commitment Remittance china nepal Ministry of foreign affairs Gyanendra Parajuli fiscal year Department of Industry
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