Foreign investment commitments of over Rs 39 billion in six months

Kathmandu, Jan 17: The country has received foreign investment commitments worth Rs 39 billion 236 million 164 thousand from development partners in the first six months of the current fiscal year.     

In the first six months of the current fiscal year, investment commitments worth Rs 39 billion were received in 475 industries, and in the first three months of the current fiscal year, investment commitments worth Rs 35 billion 137 million 786 thousand were received in 311 industries, according to the Annual Report on Foreign Direct Investment issued by the Department.     

The report states that in the current fiscal year, commitments for foreign direct investment have been received for seven large, eight medium and 460 small industries, and in the month of Poush, commitments for foreign investment worth Rs 5 billion 995 million have been received for 36 small industries.     

The total commitment of foreign direct investment so far stands at Rs 675 billion 433 million 300 thousand across 7,713 industries.     

In the past six months, the highest foreign direct investment commitments, amounting to Rs 1 billion 78 million 486 thousand, were made for 257 industries in the information technology sector.     

Based on the amount, investment commitments worth Rs 21 billion 888 million have been received for 13 agriculture-based industries.     

The report states that a commitment of foreign direct investment of Rs 10 billion 542 million 50 thousand has been made in 145 industries in the tourism sector, of Rs 2 billion 302 million 300 thousand in 27 industries in the production sector, of Rs 184 million 250 thousand in one industry in the energy sector, of Rs 45 million in one industry in the mining sector, and of Rs 3 billion 466 million in 31 industries in the service sector.(RSS)