Kathmandu, April 19

A total of 216 industries have expressed their investment commitment worth Rs 180 billion as of first nine months of the current fiscal year 2022-23.

According to the statistic unveiled by the Department of Industry recently, investment pledge mostly came from small scale industries registered during this period.

The 216 industries have also pledged to create 673,867 jobs.

Investment commitment during the mid-March to mid-April alone was over Rs 25 billion from 33 industries of national and foreign investment, which committed to create 3,612 jobs, the statistic revealed.

Investment commitment from 253 foreign invested industries during nine months was over Rs 41 billion, according to the Department of Industry.

Meanwhile, over Rs 14.5 billion was repatriated abroad since the beginning of the current fiscal year to till date.

According the statistic, over Rs 13 billion has been recommended to refund as dividend during this period while the department recommended repatriation of two billion rupees, over $1.2 million, INR 300 million and 7,000 euros as royalty during this period.

The department, during mid-March to mid-April, recommended visas for 166 foreign investors, 45 representatives and 142 dependents.

Nepali currency can be taken abroad once the Nepal Rastra Bank approves the recommendations furnished by the department.

A version of this article appears in the print on April 20, 2023, of The Himalayan Times.