8.55 billion in foreign investment commitment in July, with 59.75 million coming through the "automatic route"

A total of 8.5 billion rupees worth of foreign direct investment (FDI) has been approved in the first month of the current fiscal year, July. The Department of Industries' figures show that investment commitments totaling Rs.

According to the department's records, less foreign investment commitments have been made than the year before. In July of the previous year, 2080–81, a commitment of 11.93 billion rupees (18 lakh 30 thousand rupees) was made through 60 industries.

The department states that as of July of this year, 57 small enterprises and 2 large industries made up the foreign investments in 59 different industries. The tourism and service sectors get the majority of foreign direct investment.

Forty industries—tourist, agriculture, manufacturing, services, information technology, and three manufacturing—are among the fifty-nine that have been approved for foreign investment. Sixty-eight percent are in tourism, twenty percent are in services, five percent are in manufacturing, three percent are in information and technology, and four percent are in agriculture, according to the department.

In July, nine separate "share purchase agreements" and "share subscription agreements" were signed. This seems to be worth 312 million rupees. Eight requests for technology transfer have been accepted in total.

Over 300 individuals have received business visa recommendations from the department in July, the first month of the current fiscal year. 208 investors, 55 representatives, and their dependents have been nominated for 58 business visas by the government.

FDI of 59.75 million approved using the "automatic route"

An automatic procedure has been used to approve foreign investment (FDI) of Rs 59.75 million in the first month of the current financial year. The Industries Department's statistics indicates that 31 industries in all have had FDI approved using the automated procedure. which has allowed 59.75 million sixty thousand rupees in foreign direct investment.


22 FDI based on information technology, 4 based on tourism, 2 based on manufacturing, 2 based on services, and 1 based on infrastructure were approved via the automatic method in July. The government put the automatic route into effect during the third investment conference that took place in May of last year.

According to the department, a foreign investor may apply for a capital increase in a firm through the automatic route if they own all of the shares, form a new business with a joint investment, or operate the business with foreign investment.