Nepal Nippon Chamber of Commerce and Industries established in Kathmandu

KATHMANDU: Nepal Nippon Chamber of Commerce and Industries (NNCCI) has been established to enhance trade, industry, tourism, and economic relations between Nepal and Japan.

Registered as a non-profit and social service-oriented organisation, the chamber aims to promote collaboration and understanding among industrialists, traders, and business communities of Nepal and Japan. It will also collect data and information on trade, agriculture, industry, and tourism to contribute to the development of both nations.

The first annual general meeting (AGM) was attended by elected president Saurabh Jyoti, vice president Ritu Singh Vaidya, and board members including treasurer Tusar Dhar Tuladhar and secretaries Bijay Singh Vaidya, Suhid Raj Ghimire, Dinesh Tuladhar, and Ankur Jhunjhunwala.

The NNCCI's office was inaugurated by Tamura Takahiro, Deputy Chief of Mission at the Embassy of Japan in Nepal.

The NNCCI will operate without distributing any profits, with all earnings allocated solely towards achieving its objectives. Nepali citizens aged 18 or above can become members of the chamber by paying a membership fee of Rs 10,000. However, memberships are non-transferable. In accordance with the Social Welfare Act 2049 and the Companies Act 2063, the organisation will obtain prior approval from the Social Welfare Council if it requires foreign financial, technical, or material support.

The registered office of the chamber is located in Kathmandu Metropolitan City (KMC)-27. Its funds will be generated through membership fees, grants, and other legal sources. Any amendments to its regulations will only be implemented based on special resolutions passed by the general meeting.

The NNCCI believes that it will elevate Nepal-Japan relations to new heights and has called for everyone's cooperation and support.