Kathmandu. In the first three months of the current fiscal year 2083/84, foreign investment commitments worth Rs 16.23 billion have been received for 422 projects.

According to the Department of Industry, investment commitments have been made in 417 small, 2 medium-scale and 3 big projects. According to the department, the highest investment commitments have been made in tourism and energy-oriented projects on the basis of cost.

During this period, an investment of Rs 6.08 billion has been committed in 108 projects of the tourism industry. An investment of Rs 4 billion has been committed in the energy industry and Rs 3.57 billion in 33 projects of the service industry.

Similarly, commitment of Rs 1.60 billion has been received in 25 projects of manufacturing industries and Rs 40 million in two projects of agro-based industries.

Similarly, an investment commitment of Rs 92,83,67,600 has been received in 252 projects of information technology industries. These projects are expected to provide employment to 5,129 people.