Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The Investment Board Nepal (IBN) and Federation of Nepalese Chambers of Commerce and Industry (FNCCI) have signed a memorandum of understanding (MoU) to promote domestic and foreign investment in the country through mutual cooperation. Chief Executive Officer of IBN Sushil Bhatta and FNCCI president Shekhar Golchha signed the MoU on behalf of their respective institutions in the presence of Finance Minister Janardan Sharma on Sunday.
As per the agreement, a foreign direct investment help desk will be set up at the secretariat of the Federation. The IBN will provide technical assistance in the operation of the help desk as well as assistance in capacity building, skill development and exchange of knowledge. As per the MoU, the FNCCI will actively assist the IBN in identifying investment projects as per the needs of the nation and in finding investors internationally through its medium. In the direction of investment promotion, the two organisations will continue to work together under the concept of public-private partnership, exchange of knowledge, experience and information related to investment, and cooperation in policy reform.
The FNCCI will provide direct assistance to the IBN in organising training and other similar activities at home and abroad. Likewise, the two organisations will provide assistance, cooperation and exchange of investment related data, reports, challenges and opportunities in attracting foreign investment and investment policy in public-private partnership.
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