Himal Press 
KATHMANDU: Foreign investors have repatriated Rs 13.45 billion as dividend payments in the first eight months of the current fiscal year.
According to the Department of Industry (DoI), it issued a recommendation for the repatriation of dividends worth Rs 288.10 million in the eighth month (ending mid-February) alone. Likewise, the DoI recommended the Nepal Rastra Bank (NRB) for repatriation of Rs 2.08 billion, $1.14 million, IRs 304.75 million, and 7,000 euros as royalty fees.
Foreign investors can repatriate their dividend earnings outside of the country only after getting approval from the Nepal Rastra Bank (NRB) on the recommendations of the DoI.
The DoI granted approval for FDI in 15 industries during the eighth month of the current fiscal year, with a total investment commitment of Rs 1.92 billion. In the first eight months of the fiscal year, the DoI approved FDI worth Rs 20.56 billion across 159 industries.
Additionally, eight SPA/SSA and two TTA approvals were granted in the review month, bringing the total approvals in the eight-month period to 80. These investments are expected to create 9,478 new jobs.
Most of the FDI commitments have been made in small-scale industries, with only three large-scale industries receiving FDI in the eight-month period. The service and tourism sectors have received the highest share of FDI, followed by manufacturing, ICT, and infrastructure.
