Chinese investment has increased in Nepal, how much investment from which country?

 28 billion in the first seven months of the current fiscal year

Kathmandu,

Present days, Chinese investment in Nepal's industrial sector has skyrocketed. Compared to previous years, Chinese investment has taken the lead in the current fiscal year, even behind India. In the first seven months of the current fiscal year (July-January), only Rs 18 billion more Chinese investment has entered Nepal.

According to the Department of Industry, a total of Rs 18.17 billion has been invested in Nepal from July to January of the current fiscal year. The department has stated that such investment has come in the country's tourism, manufacturing, services and agriculture sectors. Only Rs 3.86 billion has been approved from India.

Director of the department, told that the department has approved 105 projects to provide employment to a maximum of 3,081 people. 

He also said that the investment of over Rs 18 billion came from a single country and a significant amount of investment came from the remaining 12-13 countries at that time. According to the statistics of the department, a total of Rs. 28.13 billion has been sanctioned in various sectors in the first seven months of the current fiscal year.

How much investment from which country?

According to the department, a total of Rs 28 billion has been sanctioned from China, USA, India, UK, Malaysia, Singapore, Belgium, Mexico, South Korea and more than 13 countries. 

China is the largest investor. China has received investment approval worth Rs 18 billion for a total of 105 projects during the period.

Belgium received 1.75 billion, British Virgin Iceland 3 billion, India 3.86 billion, Taiwan 250 million, the United Kingdom 200 million, Mexican 150 million and South Korean 130 million.

These investors have got approval from the department saying that they will operate a total of 131 projects and provide employment to about 3740 people.

How much investment in which sector?

According to the department, out of the total FDI sanction of Rs 28.13 billion, investment has been made in 6-7 sectors including industry, tourism, agriculture, energy, services and information and communication.

Of this, Rs 8.32 billion has been sanctioned in the tourism sector, Rs 6.54 billion in the service sector, Rs 5.83 billion in the information and technology sector, Rs 4.97 billion in the energy sector, Rs 2.59 billion in the manufacturing sector and Rs 400 million in the agriculture sector has received.

However, foreign investment has declined this year compared to last year. According to the department, only Rs 28 billion has been sanctioned this year as compared to Rs 40 billion in the same period last year. In comparison, it is about 18 billion less than last year.