FDI pledges decline by more than half to Rs 16.23 billion in Q1
Summary
Foreign direct investment pledges in Nepal fell by more than half to Rs 16.23 billion in the first quarter of the current fiscal year. The Department of Industry approved the largest share of investment for tourism, followed by energy and infrastructure-related firms.
Key Points
- Nepal received FDI pledges worth Rs 16.23 billion in the first three months of the current fiscal year, down sharply from Rs 35.13 billion in the same period last year.
- The Department of Industry registered 422 foreign firms up to mid-October, with 410 approved through the automatic route.
- Most registered firms were small-scale, and information technology accounted for the highest number of approved projects at 252.
- Tourism received the largest monetary share of approved investment at Rs 6.08 billion, followed by energy and infrastructure.
