Nepal, May 8 -- The Department of Industry has approved 10 foreign investment proposals since implementing the automatic route, a liberalised entry route for investors, a week ago.

The department had received a total of 26 foreign investment proposals.

Shankar Singh Dhami, director at the Foreign Investment and Technology Transfer Section at the department, said the remaining 16 foreign investors have logged on to the system but have not yet completed the document submission process.

The automatic route allows foreign investors in Nepal to invest in sectors without requiring prior approval from other government authorities. It was launched during the third edition of the Nepal Investment Summit held on April 28-29.

"We have so far app...