Foreign investment pledges fall 12.7 percent as India’s commitment slumps

Of the commitments worth Rs26 billion made so far this fiscal year, more than 70 percent is from China. Most of the investment is in the tourism sector.

Foreign direct investment pledges in Nepal dropped by double-digit, falling 12.68 percent year-on-year in the first nine months of the current fiscal year, largely because commitment from Nepal’s immediate neighbour India slumped.