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Mon, December 23, 2024

NICCI, NEFIT ink deal for future collaboration in bilateral trade promotion, economic cooperation

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KATHMANDU: Nepal-India Chamber of Commerce & Industry (NICCI) welcomed the Member Delegates of BIBN Friendship Car Rally at NICCI Secretariat, Kathmandu on October 3.

The car rally was organised by North East Federation on International Trade (NEFIT), India which embarked on its journey from Guwahati, India on October 28, 2023. The rally made its entry into Nepal via Panitanki-Kakarvitta customs point on October 1, 2023, and reached its destination in Kathmandu on the evening of October 2, 2023.

This exhilarating rally is scheduled to conclude on October 9, 2023, in Guwahati, India with a closing ceremony there.

NICCI Secretary General Ramesh Sharma along with Treasurer Kunal Kayal, Executive Member and Convener of the Trade and Transit Committee at NICCI Rajan Sharma and other NICCI officials extended a warm welcome to the delegates of the car rally with garlands, khada (shawl) and Tika (vermillion paste) at NICCI Secretariat in Narayanchaur, Naxal. 

In a significant development, during the welcome ceremony, NEFIT and NICCI formalised their commitment to future collaboration in areas of bilateral trade promotion, economic cooperation, educational and cultural exchange by signing a memorandum of understanding (MoU). 

NICCI Secretary General Sharma and NEFIT Secretary General Mrinal Hatkhowa signed the MoU.

The agreement marks another milestone in NICCI’s efforts to strengthen ties with Indian Trade and Industry-related organisations. It follows closely on the heels of the MoU signed between NICCI and BCC&I, in Kolkata on September 28, 2023.

NEFIT Secretary General Hatkhowa expressed his gratitude to NICCI for the warm welcome extended to the NEFIT team and members of the car rally in Nepal.  He emphasized the potential for future collaboration envisioned through MoU.

Sharma, Executive Member and Convener of the Trade and Transit Committee at NICCI, emphasized the commonalities between Nepal and India, including climate, culture, lifestyle and people-to-people connections. He highlighted the multitude of areas where NICCI and NEFIT can collaborate and extend cooperation in the spirit of “GROW TOGETHER”.

The MoU signed on Tuesday represents just the beginning of a promising partnership, and both organisations are eager to explore opportunities for further collaboration.

The delegates and officials of NICCI engaged in a fruitful exchange of views and experiences during the programme, setting the stage for a dynamic and mutually beneficial partnership.

NICCI and NEFIT are excited about the prospects that lie ahead and look forward to fostering stronger economic ties, promoting cultural exchange, and advancing bilateral trade relations between Nepal and India.

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