Kathmandu, May 16 -- Nepal has witnessed a 33 percent rise in foreign direct investment (FDI) commitments during the first ten months of the current fiscal year ended mid-May. Officials attribute this growth primarily to recent amendments to FDI-related laws and a more streamlined approval process.

According to the Department of Industry, the country received investment pledges worth Rs56.78 billion across 565 projects during the review period. These commitments are projected to generate employment for approximately 17,746 people.

Prashant Bohara, director of the Foreign Investment and Technology Transfer Division at the Department of Industry, said that the legal amendments and the operationalisation of the automatic route have signifi...