KATHMANDU: Both domestic and foreign investment has shrunk due to coronavirus pandemic and lockdown in Nepal.
The Department of Industry said the Nepal government has received an investment commitment of Rs 1,045,000,000 since March 24.
The tourism has received the highest investment commitment made during the last the three months.
According to the Department, the tourism sector has received an investment commitment of Rs 450 million between February 13 to March 17, 2020.
Finance Minister Dr Yuba Raj Khatiwada in the fiscal budget of 2020/21, has said the Investment Board Nepal has made an investment commitment of Rs 1.435 trillion.
Meanwhile, a foreign investment commitment of Rs 1.55 trillion has been approved, according to Minister Khatiwada.
In the economic survey report on the fiscal budget of 2019/20, Finance Minister Khatiwada had said the foreign investment commitment increased by Rs165 percent to reach 29.67 billion.
An investment commitment of Rs 1 billion has come for 15 different projects since Nepal went into the lockdown.
According to statistics maintained by the Department, 37 domestic industries have made this investment commitment since February 13 to March 20.
The domestic investment commitment was put at Rs 1.7 trillion in the same period of the previous fiscal year.
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