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Rs 3 Billion Investment Realised During Lockdown

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Rs 3 Billion Investment Realised During Lockdown
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Almost Rs 3 billion in investment has been received from foreign and Nepali investors in the industrial sector in the past one month. According to Prakash Dahal, spokesperson of Ministry of Industry, Commerce and Supplies, four domestic and 11 foreign industries in the country received investment worth Rs 2.74 billion in the period.

The Department of Industry approved foreign direct investment (FDI) worth Rs 927 million and Rs. 1.82 billion worth of domestic investment, respectively, in 11 industries. Dahal informed that the highest investment came from China worth Rs 727 million which was invested in seven different industries.  Likewise, Rs 50 million in investment each came from India, South Korea, the Netherlands and Malaysia.    

According to Dahal, a high-level industrial and investment policy forum has been formed under the convenorship of the Industry Minister to support the work of the Industrial and Investment Promotion Board, as provided in the Industrial Business Act, 2076.  (RSS)

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