According to Nepal Rastra Bank, only 18.50 percent of FDI (equity) has entered foreign investment commitments.
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In the financial year 2081/82, foreign direct investment (FDI) commitments of Rs. But during that period, foreign direct investment (equity) has come in at 12 billion 19 million rupees. According to Nepal Rastra Bank, only 18.50 percent of the FDI (equity) of this foreign investment commitment has been received.
Compared to the previous financial year, FDI commitments and inflows have also increased in the current financial year, according to the data of the Department of Industries and National Bank. In the previous year, 69.83 billion 35 million rupees were committed, while foreign direct investment (equity) came in at 8.47 billion rupees.
In the last fiscal year, 64.96 billion 51 million rupees of FDI commitments have been received, 12.19 million rupees have been received. The Department of Industry has said that the investment commitments have come in 840 industries.
According to the Department's data, more foreign investment commitments have come from the approval route than the automatic route. According to the department, 461,266,000 rupees have been pledged in 451 industries through the automatic route and 60 billion 35 crore rupees in 389 industries through the approval route.
In the last fiscal year, the highest investment commitment of 17.79 billion 86 million rupees was received in February. According to the figures of the Department of Industry, the lowest amount was Rs 1.65 crore in January.
In case of commitment amount, the highest amount was Rs. 2.9777 million in October and the lowest amount was Rs. 264.955 million in November. According to the department, the highest investment commitment has come in the service sector and tourism.
48 percent investment commitments have been made in the service industry, 41 percent in tourism, 6 percent in the manufacturing sector, 3 percent in the information and technology industry, and 2 percent in the agricultural sector.
When the government approves foreign investment, the stakeholders also say that they allow 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. Prakash Kumar Shrestha, a member of the National Planning Commission and former executive director of Nepal Rastra Bank, says that investment will not come in as soon as the commitment is made.
Shrestha said that compared to the previous financial year, the amount committed in the last financial year was more. "The amount of FDI inflow has also increased, today it is not as soon as the investment commitment is made, it takes some time," he said. Shrestha said that investors look at the size of the market from the administrative process of investment approval. "At the time of investment approval, the administrative process had to be facilitated and the size of the market had to be increased," he said. According to Shrestha, investors should also work to increase the market according to joint ventures in Nepal-India and Nepal-China.
In the financial year 2080/81, 69.83 billion 35 million rupees were committed, and 8.47 billion rupees of direct foreign investment (equity) was received in that year. Likewise, in 2079/80, 30.71 billion rupees were received, and 7.97 billion rupees were received. According to the department, in the financial year 2080/81, 10 billion 76 million rupees have been approved. On the occasion of the third investment conference held in 2081, the department has implemented a system of foreign investment through the automatic route. However, according to the department's data, more investments are made through the automatic route It shows that 466 million rupees were received from the automatic route and 389 million rupees from the approval route Act, 2075 was approved by the Department of Foreign Investment.
: Foreign investment will be approved by the Department in accordance with this Act. Previously, the approval of foreign investment of up to 6 billion rupees was done by the investment board. According to the department, 9,968,423 US dollars, 873,500,000 baht and 61,431,000 euros have been approved. In the last fiscal year, 161,000,000 rupees have been approved as dividends, 51,000,000 and 41,700,000 baht have been approved by the foreign investment department Prashant Bohora, the director of the investment and technology transfer department, said, "The commitment amount is increasing every year," he said, "In the past, the department approved more than 6 billion."
