NICCI, GCCI sign MoU to promote trade, investment and tourism
KATHMANDU/PANAJI: Nepal-India Chamber of Commerce and Industry (NICCI) and the Goa Chamber of Commerce and Industry (GCCI) entered into a memorandum of understanding (MoU) to promote mutual trade, cross-border investment and economic engagement between Nepal and the Indian state of Goa.
The MoU, signed on Friday by NICCI President Sunil KC and GCCI President Pratima Dhond, is expected to facilitate the exchange of non-confidential information on economic trends, investment climates, government policies, sectoral opportunities and market intelligence between the two chambers, according to a NICCI press release.
After signing the MoU, President KC said the purpose is to strengthen cooperation between NICCI and GCCI in the fields of trade, investment, industry and tourism by promoting mutual understanding, information exchange and business linkages.
The MoU will also facilitate business delegations in both directions and support B2B meetings, trade fairs, exhibitions and business summits, President KC added.
As a state in western India with a coastline along the Arabian Sea and renowned for tourism, Goa will leverage this arrangement to promote cultural, religious, adventure and spiritual tourism by combining Nepal’s Himalayan attractions with Goa’s coastal and heritage appeal.
It will assist entrepreneurs from both regions in exploring partnerships, investment projects and technology transfer opportunities, GCCI President Dhond said.
The MoU also stresses joint thematic forums, conferences, seminars or roundtables on relevant issues at least once a year; institutional dialogue to maintain regular contact and support advocacy efforts and policy dialogues beneficial to the business community; and publication and research exchange.
It will help both chambers collaborate in technology transfer, consulting and the exchange of best practices related to industrial and economic development, President KC said, adding that a joint working group will be formed to facilitate the initiatives. “The JWG or a committee will monitor implementation and propose new collaborative initiatives.”
The NICCI, established in 1993 and based in Kathmandu, is a binational non-governmental, non-profit organisation dedicated to promoting bilateral economic relations between Nepal and India.
The GCCI, founded in 1908 and headquartered in Panaji, is one of India’s oldest and most respected regional business chambers.
