Only 14 per cent of the approved foreign investment has been received

Kathmandu. The actual inflow is very low compared to the approved foreign investment. According to the 33rd annual report of the Office of the Auditor General, investment proposals worth Rs 79.69 billion were approved from 1,009 foreign investors in the fiscal year 2081/82.

Of them, only Rs 11.30 billion has been brought in from 97 investors. This is 14 percent of the approved investment. According to the report made public, the ratio of commitment of foreign investment to actual receipts has been gradually decreasing in recent period.

Of the Rs 32.48 billion approved for the fiscal year 2079/80, Rs 9.20 billion has been received. That’s 28 percent overall. Similarly, only 13 percent of the approved investment in the fiscal year 2080/81 has been received. In the current fiscal year, only Rs 10.29 billion was received out of Rs 81.69 billion approved.

This data shows that the gap between the commitment of foreign investment and the actual receipts is widening. The report of the Office of the Auditor General has suggested the bodies concerned to maintain policy stability, simplify administrative process and convert the commitments into real investment by creating investment-friendly environment.