37 billion Foreign investment commitment from China

Jul Wed 2022 01:51:57

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37 billion Foreign investment commitment from China

Kathmandu. In the current fiscal year, the highest foreign direct investment (FDI) commitment has been made in three years. China has committed Rs. 37.04 billion for 203 projects. In the second place, 12 projects from India have committed Rs 2.48 billion. Since then, 12 projects have been pledged from the United States, five from the United Kingdom, five from Italy and four from Australia.

It has committed to operate 260 projects by investing Rs. 48 billion in the current fiscal year. It is mentioned that 15 thousand people will get employment in this project.

Out of 260 projects, 4 are large, 58 are medium and 198 are small. Out of this, Rs. 22.08 billion has been committed for 88 projects in the service sector. It is mentioned that 4,488 people will get employment in these projects. Since then, an investment of Rs. 16.38 billion has been committed for 106 projects in the tourism sector. There is a commitment to provide employment to 5,785 people.

It has committed to operate 47 projects by investing Rs. 6.96 billion in manufacturing industries. Where more than 3,000 people will get employment opportunities. It has committed Rs 1.40 billion for seven projects, Rs 470 million for ICT-based industries, Rs 56.2 million for energy projects and Rs 600 million for agriculture and forestry industries.