KATHMANDU, April 30 -- The Department of Industry (DoI) has approved investments totaling Rs 9.13 billion for four different projects as part of the Third Nepal Investment Summit 2024.

These investments include Rs 6 billion for establishing an investment company in Bhaktapur, Rs 3 billion for a business complex building in Kathmandu, Rs 76.6 million for a 200 KW hydropower project in Kailali, and Rs 62.5 million for the construction of hotels and restaurants in Lalitpur district, as per information provided by Shankar Singh Dhami, Director of the foreign investment and technology transfer unit under the DoI.

Earlier on Monday, the DoI inaugurated the system of foreign investment approval through the automatic route. Accordingly, foreign...