KATHMANDU, April 15: Foreign Direct Investment (FDI) commitment in Nepal has reached nearly Rs 41.79 billion in the first nine months of the current fiscal year, according to the Department of Industry (DoI).
The DoI said that investment commitments were made for 615 projects during the period from Shrawan to Chaitra (mid-July to mid-April) , including 599 small-scale, 8 medium-scale, and 8 large-scale projects.
In Chaitra (mid-March to mid-April) alone, 61 small industries received investment commitments worth Rs 112.92 million, which are expected to generate 640 jobs.
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Of the total projects in nine months, 346 belong to the information technology sector, attracting investment commitments of Rs 1.45 billion, accounting for 58 percent of all projects.
Similarly, the tourism sector received 164 projects worth Rs 11.46 billion, while the service sector secured 47 projects worth Rs 3.89 billion. The manufacturing sector received Rs 2.54 billion across several projects.
The agriculture sector attracted investment commitments worth Rs 2.2 billion for 16 projects, while the energy sector received Rs 234.2 million for 2 projects. The mining sector recorded Rs 115 million in commitments across 2 projects, the DoI added.
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