216 firms make investment commitment worth Rs 180bn

KATHMANDU: As many as 216 firms have expressed their investment commitment worth Rs 180 billion as of the first nine months of the current fiscal year 2022/23. According to the statistic unveiled by the Department of Industry recently, investment pledges mostly came from small-scale industries registered during this period. The firms 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 creating 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 has gone abroad since the beginning of the current fiscal year to till date. According to the statistic, over Rs 13 billion has been recommended to refund as dividends during this period while the Department recommended taking away abroad Rs 2 billion, over $1.2 million, INRs 300 million and Euro 7000  as royalty during this period. The Department, from mid-March to mid-April, recommended visas for 166 foreign investors, 45 representatives and 142 dependents. Nepali currency could be taken abroad once the Nepal Rastra Bank approves the recommendations furnished by the Department. By RSS READ ALSO:

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