The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Investment Board Nepal (IBN) has signed a Memorandum of Understanding (MoU) on Sunday to promote internal and external investment in the country through mutual cooperation.
The MoU was signed by FNCCI President Shekhar Golchha and Chief Executive Officer of the Board Sushil Bhatta in the presence of Finance Minister Janardan Sharma. The board has agreed to focus on the federation’s network of domestic investors, relations with foreign investors, and its expertise to attract investment.
The board will provide technical assistance for the operation of the help desk, a Foreign Direct Investment Help Desk set at the secretariat of the federation, as well a capacity building and knowledge exchange.
FNCCI will actively assist the Board in identifying investment projects and finding investors internationally. According to the agreement, the federation will be assisting to host flagship events for investments of the country and abroad.
Janardan Sharma, Finance Minister said that the entire nation would profit from this agreement. He added the government is working to attract maximum investment by conducting a systematic on the failure of investment growth.
At the event, Chief Executive Officer of the Investment Board, Bhatta, said that the understanding between the board and the federation was historic. He assured that the same objective of both organizations would be to satisfy the general public through the promotion of internal and external investment in the country. FNCCI President Golchha said that the understanding has opened the door for cooperation with the Investment Board in investment promotion.