KATHMANDU, May 29: The government has approved approximately Rs 44.66 billion in foreign investment this year. Foreign investors receive approval through the Office of the Investment Board and the Department of Industry.
According to the Economic Survey, Rs 44.66 billion in foreign investment was approved during the first eight months of the current Fiscal Year (FY). Compared to the same period last FY, foreign investment increased by around Rs 14 billion. During the same period last year, Rs 29.13 billion was approved.
Foreign investment commitments decrease by over Rs 21 billion
A total of Rs 4.766 trillion in foreign investment has been approved to date. According to the survey. Out of this, Rs 3.248 trillion was approved through the Department of Industry and Rs 1.518 trillion through the Investment Board.
