KATHMANDU, April 28 -- Over the last three decades, promises of foreign direct investment (FDI) totaling around Rs 500 billion have been made, but only Rs 270 billion has been received so far.

According to the Department of Industry, in the fiscal year (1993/94 to 2022/23), foreign investment commitments equal to Rs 474.18 billion were received. However, during the same period, only 56 percent of the commitment, i.e. Rs 270 billion net foreign investment has been received.

Nepal Rastra Bank (NRB) reports that 53.7 percent of the FDI stock received so far represents paid-up capital, while 31.7 percent constitutes reserve capital, and 14.6 percent comprises debt capital. However, there has been a reduction in foreign currency inflows in 2...