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Pledge for Foreign Investment Increases by Four Folds

  1 min 21 sec to read

June 28: Foreign investors have shown increased interest in investing in the productive sector of Nepal of late. Rising number of newly registered companies and the pledged amount of foreign investors recorded at the Office of the Company Registrar shows the increasing interest of foreign investors.

This increase in interest by foreign investors is expected to bring positive changes for development of the productive sector.

So far, foreign investors have pledged to invest Rs 52.3 billion in the productive sector of the country in current fiscal year 2074-75. This is four times higher than the pledged amount in the corresponding period of last fiscal year. The energy sector has attracted the highest investment. However, other productive sectors too have witnessed tremendous increment.

According to the Department of Industry, majority of foreign investors have committed to establish industries in the productive sector. Foreign investors have committed to establish 60 large-scale industries in the current fiscal year.

 Similarly the investors have also committed to invest additional 277 industries related to agriculture, forest, tourism, service, communication and mining sectors. Out of this, the service sector and tourism sector have attracted highest number of investors with commitment for the establishing 104 and 125 industries respectively.

Establishment of industries in the productive sector will benefit the local population with employment opportunities. The proposed industries will create job opportunities for 12,000 individuals and this will boost the economy. Thus, the country will become prosperous, says Dr Chandra Mani Adhikari, an economist. The increasing interest and commitment of foreign investors is a sign of development of the country, he added.

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