Nepal Receives Rs 3.77 Billion in Foreign Direct Investment Commitments in First Month of FY 2083-84
Summary
Nepal received foreign direct investment commitments worth Rs 3.77 billion in the first month of FY 2083-84, with approvals for 191 industries. Tourism led in total investment, while information technology attracted the most projects.
Key Points
- The Department of Industry approved foreign investment commitments worth Rs 3.77 billion for 191 industries in Shrawan of FY 2083-84.
- Tourism accounted for the largest share at Rs 1.63 billion, followed by manufacturing, services and information technology.
- Information technology drew the highest number of approved industries, with 128 out of 191 projects.
- The approved projects are expected to create 1,773 direct jobs, and most were cleared through the automated route.
