Kathmandu. Foreign Direct Investment (FDI) worth Rs 47.61 billion has been approved till mid-June of the current fiscal year 2082/083.

According to the department, FDI worth Rs 7.71 billion has been approved automatically and Rs 39.90 billion through approval route during this period.

According to the department, foreign investment worth Rs 2.29 billion has been approved in the month of May alone. According to the Department, 914 projects have been approved till mid-June. Of them, 186 projects were approved in the month of May alone.

According to the Department of Industry, the commitment for foreign investment has been made for 914 projects till mid-June. According to the department, Rs 22.08 billion was invested in agriculture and forestry based industries during the period. This amount has been committed for 16 projects.

Similarly, the tourism sector is the second project where most of the investment has been approved. A total of Rs 12.99 billion has been committed for 202 projects in the tourism sector.

Similarly, commitment of Rs 4.59 billion has been received for 62 projects in the service sector. According to the department, commitment of Rs 3.57 billion has been received in 52 projects related to manufacturing sector, Rs 2.36 billion in 577 projects related to information and communication technology and Rs 234.25 million in two projects related to energy.

Similarly, commitment of Rs 1.65 billion has been made for one project in the infrastructure sector. According to the Department, out of 914 projects, 894 projects are small industries, 11 are medium industries and 9 are big industries. The construction of these projects will provide employment to 25,450 Nepalis.