NCC, SICCI agree to facilitate investment and trade

KATHMANDU: An agreement has been reached between Nepal Chamber of Commerce (NCC) and Singapore Indian Chamber of Commerce and Industry (SICCI) to facilitate investment and trade. The agreement reached between NCC President Kamlesh Kumar Agrawal and SICCI, focuses on investment in Nepal's hydroelectricity, tourism, minerals, other natural resources, and other sectors.

During his visit to Singapore, Agrawal informed SICCI office bearers about Nepal's investment areas and opportunities, urging the investors to invest in hydropower, tourism, mining, and other natural resources in Nepal. On behalf of the NCC, Agrawal promised to facilitate and ensure returns on investments in Nepal.

Agrawal highlighted the improving political stability and legal framework in Nepal, making it a suitable environment for investment. He emphasised Nepal's potential as a top tourism destination and stressed that both Nepal and Singapore could benefit economically through investment and business partnerships. He also invited SICCI members to visit Nepal.