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<p>The department’s statistics show that FDI commitments totaling Rs 3.63 billion came for 12 medium-scale ventures during the review period. FDI commitments for Rs3.66 billion came for three large-scale ventures. Officials at the department say that South Korean companies have proposed setting up investment companies in Nepal. Sector-wise, Nepal received the highest investment commitment in the service sector amounting to Rs 18.95 billion for 90 projects, followed by Rs 6.14 billion in the tourism sector for 115 projects. The FDI commitment in the manufacturing sector was Rs 3 billion for 30 projects. </p>
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include - APP/View/MagazineArticles/view.ctp, line 54
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/MagazineArticles/view.ctp, line 54]
$user = $this->Session->read('Auth.User');
//find the group of logged user
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<p>The department’s statistics show that FDI commitments totaling Rs 3.63 billion came for 12 medium-scale ventures during the review period. FDI commitments for Rs3.66 billion came for three large-scale ventures. Officials at the department say that South Korean companies have proposed setting up investment companies in Nepal. Sector-wise, Nepal received the highest investment commitment in the service sector amounting to Rs 18.95 billion for 90 projects, followed by Rs 6.14 billion in the tourism sector for 115 projects. The FDI commitment in the manufacturing sector was Rs 3 billion for 30 projects. </p>
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<p>The department’s statistics show that FDI commitments totaling Rs 3.63 billion came for 12 medium-scale ventures during the review period. FDI commitments for Rs3.66 billion came for three large-scale ventures. Officials at the department say that South Korean companies have proposed setting up investment companies in Nepal. Sector-wise, Nepal received the highest investment commitment in the service sector amounting to Rs 18.95 billion for 90 projects, followed by Rs 6.14 billion in the tourism sector for 115 projects. The FDI commitment in the manufacturing sector was Rs 3 billion for 30 projects. </p>
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include - APP/View/MagazineArticles/view.ctp, line 54
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/MagazineArticles/view.ctp, line 55]
//find the group of logged user
$groupId = $user['Group']['id'];
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include - APP/View/MagazineArticles/view.ctp, line 55
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Undefined index: summary [APP/View/MagazineArticles/view.ctp, line 62]
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FDI Pledges Jump 93.34 Percent to Rs 29.13 Billion
1 min 8 sec to read
Foreign direct investment (FDI) commitments jumped by a whopping 93.34 percent in the first eight months of the current fiscal year, with investment pouring into small-scale businesses following the government’s move to lower the FDI threshold. According to the Department of Industry, FDI commitments totaled Rs 29.13 billion for 253 projects during the review period. Most of the proposed FDI is for the establishment of small-scale business ventures, the department’s data shows. The country received pledges totaling Rs 21.83 billion for establishing 238 small-scale business ventures in the review period, which is 74.93 percent of the total pledge made by foreign investors. On May 29, 2022, through the annual budget for the fiscal year 2022-23, the government reduced the minimum threshold for FDI to Rs 20 million, from earlier Rs 50 million, to attract additional foreign investment amid slowed economic growth.
The department’s statistics show that FDI commitments totaling Rs 3.63 billion came for 12 medium-scale ventures during the review period. FDI commitments for Rs3.66 billion came for three large-scale ventures. Officials at the department say that South Korean companies have proposed setting up investment companies in Nepal. Sector-wise, Nepal received the highest investment commitment in the service sector amounting to Rs 18.95 billion for 90 projects, followed by Rs 6.14 billion in the tourism sector for 115 projects. The FDI commitment in the manufacturing sector was Rs 3 billion for 30 projects.
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/MagazineArticles/view.ctp, line 279
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include - APP/View/MagazineArticles/view.ctp, line 279
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