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Rise In Foreign Direct Investments In Nepal
By KTM Metro Reporter
October 26, 2013: the volume of foreign direct investment (FDI) recorded at the Department of Industry (DoI) has increased by 32 percent in the first three months of the current fiscal year 2013 as compared to the same period of the last year, according to the news posted on the ‘gorkhapatraonline.com’.
As recorded at the DoI, foreign investors have taken permissions to invest Rs. 9.16 billion during the review period against Rs. 6.92 billion during the same period of the last fiscal year.
Rise in the FDI has been attributed to the positive changes in the political and social fronts as well as simplification in administrative laws and procedures for operating businesses in Nepal, said Bipin Rajbhandari, director of foreign investment sector at the DoI.
However, the number of industries registered for the foreign investment during the first three months has decreased to 83 from 103 of the corresponding period of the last fiscal year.
During the review period industries related to the service sector has been the first choice of foreign investors followed by agro based, tourism, manufacturing, mineral and energy based ventures.
