August 29, 2021 | Investopaper
According to the ‘Current Macroeconomic and Financial Situation of Nepal (Based on Annual Data of 2020/21)’ report published by Nepal Rastra Bank, there has been only a modest increase in foreign investment in the last fiscal year. As per the report, foreign investment of Rs 19.90 billion has entered in the last fiscal year. This is only 1.2 percent more than the previous fiscal year. In the fiscal year 2076/77, Nepal had received Rs 19.67 billion as foreign investment.
Although the actual foreign investment has not increased as expected, the foreign commitment to invest in Nepal seems to be increasing. According to the Department of Industry, Nepal had received a commitment of foreign investment worth Rs 32.7 billion last year alone. Out of which, Rs. 520 million has been committed in agriculture and forest based industries, Rs. 1.54 billion in energy, Rs. 3 billion in information technology based industries and Rs. 1.8 billion in manufacturing industries. Similarly, Rs 5.98 billion has been committed in the service sector and Rs 18.31 billion in tourism, according to the department.