Foreign investors repatriate Rs 11 billion in dividends and royalties from Nepal

December 18, 2023, 10:46:07 AM |

KATHMANDU: In the initial five months of the current fiscal year (mid-July to mid-December), foreign investors have repatriated around Rs 11 billion in dividends and royalties from Nepal.

The Department of Industry (DoI) released data on Sunday, revealing that foreign investors withdrew Rs 10.91 billion in dividends and approximately Rs 1.5 billion in royalties by mid-December.

Investors across diverse sectors in Nepal have retrieved profits from their ventures, with several companies disbursing substantial amounts in royalties to foreign entities.

During this timeframe, Nepal has garnered foreign investment commitments exceeding Rs 24 billion. The data indicates that investment commitments totaling more than Rs 24.35 billion have been made across 247 projects, encompassing both existing and new ventures.

Breaking down the investment commitments received during this period, Rs 20.61 billion pertains to new investments through 199 projects, while Rs 3.74 billion is attributed to 21 Share Purchase Agreement (SPA) and Share Subscription Agreement (SSA) projects.

According to the DoI, 48 percent of the investment commitments received during this period were directed to the tourism sector. Ninety-five projects were registered in the tourism sector alone until mid-December.

Furthermore, during this period, 74 projects in the service sector, 19 in the manufacturing sector, 5 in the information and communication sector, and 4 in the infrastructure sector have secured investment commitments.

Fiscal Nepal |

Monday December 18, 2023, 10:46:07 AM |