Saturday 27th July 2024
July 21, 2017
Nepal witnessed a Foreign Direct Investment of Rs 15.17 billion in the 2016-17 fiscal year, informed the Department of Industry (DoI).
Out of the total foreign investment made in country’s 395 industries, big industries attracted a total foreign investment of Rs 6.22 billion share, followed by medium industries (Rs 1.17 billion) and small (Rs 7.61 billion).
According to the DoI Secretary Durga Prasad Bhusal, FDI into the country started increasing with the passage of country’s new constitution on September 20, 2015.
Meanwhile, General Secretary of the Federation of Nepal Cottage and Small Industries Dambar Prasad Regmi urged the government to formulate investor-friendly policies to attract more foreign investment.
China topped the list of investors with Rs 6.24 billion investment in total 183 industries of the country.
India stood second in the list with Rs 1.99 billion in 40 industries, followed by the United States (38 industries), South Korea (15), Japan (12), the United Kingdom & The Netherlands (9 each), France (8), Bangladesh & Switzerland (7 each), Germany (6), and Belgium & Canada (5 each).
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