In the current financial year, the highest foreign investment commitment of 17 billion 798 million rupees in February
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From July to March of the current financial year, foreign investment (FDI) commitments of 57 billion 97 crore 54 lakh 73 thousand rupees have come. In the same period of the last financial year, foreign investment commitments of 30 billion 1185 million 17 thousand rupees were received.
According to the data of the Department of Industries, more foreign investment commitments have come from the approval route than the automatic route. According to the department, 2 billion 897 million rupees have been committed to foreign investment in 224 industries through the automatic route and 55 billion 774 million rupees in 256 industries through the approval route.
Last May, from the third investment conference, the department implemented the system of foreign investment approval through automatic route. The foreign investment approval letter can be received as soon as the application is submitted via email and the company can be registered based on that system. According to the department, domestic and foreign investment can be made in industry and business with a total capital of up to 50 million rupees through this route. In the information technology based industry, the minimum limit is not applicable.
The department says that foreign investment commitments of 13 billion 315 million rupees have been received in March alone. In the current financial year, the highest foreign investment commitment of 17 billion 798 million rupees was received in February. According to Nepal Rastra Bank, 8.49 billion foreign direct investment (equity only) has been received till February of the current financial year. In the same period of the last financial year, such foreign direct investment (equity only) was Rs 5.63 billion.
According to Nepal Rastra Bank data, despite the increase in foreign investment commitment, the inflow amount is low. Stakeholders say that there is no policy arrangement that all the foreign investments that have been committed come or should come in the same period. According to Nepal Rastra Bank, only 5.96 billion 1.3 million rupees came in from FDI in Nepal last financial year. During that period, a total of 7.76 billion 86 million foreign investments came in, but old investments equal to 1.8073 million rupees were withdrawn.
In the financial year 2078/79, foreign investment commitments of 54 billion 15 crore rupees were received in 295 industries. Stakeholders also say that when the government approves foreign investment, it allows investors to bring in investment in stages (in installments). Government officials also say that the commitment and approved amount will not be received at once.
