KATHMANDU, NOVEMBER 11
According to the latest statistics of the Department of Industry (DoI), Nepal received FDI commitments worth Rs 19.03 billion for 89 projects in around four months (from mid-July to November 10) of the current fiscal year. Nepal had received FDI pledges worth Rs 18.94 billion for 112 projects during the same period of last fiscal year.
Similar to past several years, China topped the list in terms of FDI commitment to Nepal.
Of the 89 projects, China alone pledged to pour Rs 15.78 billion in 83 projects. British Virgin Islands, India, the United Kingdom and Mexico were other countries to make FDI commitments to Nepal during the period.
Sector-wise, the country’s tourism sector received highest FDI commitments followed by the services sector. The FDI commitments in the tourism sector doubled from Rs 6.97 billion for 47 projects in last fiscal to Rs 13.8 billion for 58 projects this fiscal during the review period. Meanwhile, the FDI commitments in the services sector decreased from Rs 5.9 billion for 35 projects in the first four months of last fiscal to Rs 4.4 billion for 25 projects in the review period of this fiscal.
Similarly, FDI commitments have also come down in manufacturing and information and technology-based sectors, while the FDI pledges in the agro and forestry-based sector has increased this fiscal in comparison to last fiscal.
According to Binod Khadka, information officer of the DoI, receiving FDI commitment worth Rs 19 billion in about four month