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Pledged Chinese FDI commitment in Nepal surges in Q1 of FY 2021-22

KATHMANDU, Oct. 31 (Xinhua) — Chinese investors pledged investments into Nepal in the first quarter of the current 2021-22 fiscal year close to the amount they committed in the entire 2020-21 fiscal year, Nepal’s Department of Industry said.

Foreign direct investment (FDI) committed by Chinese investors totaled 21.91 billion Nepali rupees (182.41 million U.S. dollars) during the first three months of the curren