Nepal received foreign direct investment (FDI) commitments of over Rs 53 billion in the first 10 months (mid-July to mid-April) of the current fiscal year 2023/24. Investment commitments for new projects reached Rs 41.38 billion across 307 projects, while Rs 9.47 billion was pledged for 92 established projects through Share Purchase Agreements (SPA) and Share Subscription Agreements (SSA). FDI commitments worth Rs 13.85 billion were made in late April alone because of the 2024 Nepal Investment Summit that the country hosted on April 28 and 29. 

Out of the total commitments, Rs 2.15 billion were approved through the automated system of the Department of Industry (DoI) which became operational on April 28. This system facilitates automatic approval for foreign investments up to Rs 500 million.

According to the DoI, 47% of the foreign investment pledges received in the first 10 months of the current fiscal year were in the tourism sector. Additionally, 34% of the investments were committed to the service industry, 11% to the manufacturing sector, 3% to the information and technology industry, 2% to the infrastructure and agriculture sector, and 1% to the mining and energy sector. FDI commitments over the first 10 months of 2023/24 are nearly Rs 12 billion higher than the Rs 41 billion pledged till mid-April of the previous fiscal year.