Foreign investment down by 67 percent

KATHMANDU: The latest data has shown that foreign investment in the industrial is declining in Nepal.

The foreign investment in the industrial has decreased by 67.16 percent compared to the previous year, according to the statistics maintained by the Department of Industry.

The Department of Industry had approved the foreign investment of Rs 35,222,570,000 in the fiscal year 2017/18 while it has come down to Rs 11,563,920,000 in the existing fiscal year 2018/19.

However, the number of registration of foreign companies is on the increase, of late. A total of 216 companies had been registered in the previous year while the number has increased to 266 in the current fiscal year.