Nepal: Over Rs 40 billion in foreign investment approved in seven months

During the first seven months of the current fiscal year, Nepal approved foreign direct investment (FDI) totaling NPR 40.28 billion across 524 industries, which are projected to create employment for 20,896 individuals, according to the Department of Industry. In Magh alone, 49 industries pledged NPR 104.72 million in investment — 37 through the automated system and 12 through standard procedures. The largest share of approvals went to the IT sector (288 industries, NPR 12.59 billion), followed by tourism (150 industries, NPR 10.86 billion), manufacturing (35 industries, NPR 2.4 billion), services (34 industries, NPR 3.54 billion), agriculture (14 industries, NPR 21.9 billion), minerals (2 industries, NPR 11.5 million), and energy (1 industry, NPR 18.42 million).