By TRN
Online, Kathmandu,
Aug 30: Nepal has received foreign investment from as many as 58 countries,
according to the NRB survey report on FDI in Nepal 2022/023.
"Nepal
has received foreign investment from 58 different countries as of mid-July
2023. In terms of total FDI stock, India ranks top position with Rs.103.5
billion followed by China (Rs.35.5 billion), Ireland (Rs.22.6 billion),
Australia (Rs.19.1 billion), and Singapore (Rs.18.8 billion)," read the
report summary issued today.
Out of 754
active enterprises that had obtained FDI approvals from NRB till 2022/23, 238
enterprises responded to the survey.
"The
survey results show that the stock of FDI in Nepal increased by 11.8 percent to
Rs.295.50 billion at the end of 2022/23. Paid-up capital is the major component
in FDI stock as it accounts for 52.8 percent of total FDI stock whereas the
reserves and loans in total FDI stock account for 33.7 percent and 13.5 percent
respectively," read the report summary.
Electricity,
gas, steam, and air conditioning sector stands the highest with 30 percent of total
FDI stock, followed by the manufacturing sector with 29.4 percent. Both are included
in the industrial sector which accounts for 59.7 percent of total FDI stock,
according to the report.
About 40.2 percent of total FDI stock is in the service sector. Of which, the financial and insurance services sector constitutes 26 percent, information and communication sector 6.7 percent, and the accommodation and food services sector 6.3 percent of the total FDI stock.
As of
mid-July 2023, the outstanding foreign loans (excluding direct loans from
foreign direct investors) of FDI enterprises stood at Rs.60.3 billion. The
enterprises in the hydropower sector have utilized most foreign loans as the
outstanding loan of this sector stood at Rs.29.3 billion in mid-July 2023, read
the report.
The capacity
utilization of surveyed FDI enterprises in manufacturing stands at 60.69 percent,
whereas the profitability of surveyed FDI enterprises remains at 11.61 percent in
2022/23.