December 21: Nepal has received foreign investment commitment of Rs 30 billion in the first five months of the current fiscal year that began on July 16.    

According to the data unveiled by the Department of Industries, foreign investors have committed to invest around Rs 30 billion in 122 industries in the past five months (July 16 to December 7) of the current fiscal year.    

The department’s information officer Gyanendra Parajuli said those industries have been registered under six different categories.      

The highest commitment is for the service-oriented sector as investors have pledged Rs 15.95 billion for 35 industries under this category. Towards the service sector, pledges have been received from China (Rs 600 million for four industries based on agriculture and forest products), from Netherlands (Rs 56 million for energy-based industry and Rs 450 million for four industries relating to information, communications and broadcasting service. Likewise, Rs 3.24 billion has been pledged for 19 production-based industries and Rs 9.55 billion for 55 tourism industries.    

China is the country that has pledged the highest investment (around 80 percent) in Nepal in the review period. China has pledged for investment of over Rs 23.64 billion in 102 industries. -- RSS