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    Nepal Breaking NewsGeneral NewsForeign Investment pledge in 2020-21 is down 15.29 percent

    Foreign Investment pledge in 2020-21 is down 15.29 percent

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    KATHMANDU: The Covid-19 pandemic is expected to have a negative impact on foreign investment pledges in the country, according to government figures.

    The foreign investment commitment in the past Fiscal Year 2077-78 has decreased by 15.29 percent when compared to the previous Fiscal Year 2076-77. That year, the pledged investment was Rs 32.02 billion, compared to Rs 37.80 billion in 2076-77. The number of registered industries has decreased in tandem with the projected foreign investment. In the preceding fiscal year, only 183 industries were registered, compared to 344 the year before.

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    A total of 203 industries have been registered, with a total investment of Rs 156.64 billion from both domestic and foreign sources. There are 183 industries having foreign investment among them. In the preceding fiscal year, 277 industries were registered, with a total investment commitment of Rs 152.62 billion. There were 223 industries supported by foreign investors among them.

    Investment commitments in 2075/76 and 2074/75 were larger than in the previous two fiscal years, according to the Department of Industry. In 2074/75, domestic and foreign investment commitments were Rs. 349 billion, with large foreign investment commitments.

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