Planned capital investment doubles in last FY
Kathmandu, July 29-Industrial investment has seen a two-time increase in Nepal in the last fiscal year 2017-18 that concluded in mid-July.
According to the date of the Department of Industry (DoI, 496 industries with the committed investment of Rs 350.58 billion were registered at it in the last fiscal, while 510 industries were registered with such investment worth Rs 163.15 billion in the previous fiscal 2016-17. As such, the planned capital investment by industries saw a rise of 115 percent in the last fiscal year. Such rise is the highest recorded in the past 10 years.
According to the media reports, political stability, improved electricity supply and largely trouble-free labour-employer relations are the prime factors contributing to the betterment of the investment climate in the country.
There was the largest volume of the committed investment in the energy-based industries followed by the manufacturing sector among the industries registered in the last fiscal.
