By TRN Online, Kathmandu, Dec. 17: The foreign direct investment (FDI) went up by 66.3 per cent in the first four months of the current fiscal year (FY) in comparison to the same period of the previous FY.

According to the “Current Macroeconomic and Financial Situation” report of the Nepal Rastra Bank (NRB), the cumulative FDI inflow in the first four months remained Rs. 6.88 billion up from Rs. 4.14 billion was recorded in the previous review period.

FDI inflow data shows encouraging figures in the current FY in comparison to the same period of the previous FY. The previous FY report showed that FDI inflow slid by 16.6 per cent in the first four months of FY 2020/21 in comparison to the same period of FY 2019/20.

In the first four months of the current FY, the amount of the FDI inflow has remained significant. The report showed in mid-August, mid-September, mid-October, mid-November, the inflow of FDI amounted to Rs. 706, Rs. 2.5 billion, Rs. 2.02 billion and Rs. 1.5 billion respectively.

Besides the rise in the inflow of FDI, number of firms registered for foreign investment also grew. According to the quarterly report of the Department of Industry (DOI), 107 approvals have been sanctioned for the FDI. These approvals are expected to bring in Rs. 24 billion FDI.