NICCI, IBN form joint working group to boost Indian investment in Nepal

KATHMANDU: Nepal-India Chamber of Commerce and Industry (NICCI) and Investment Board Nepal (IBN) have formally established a Joint Working Group (JWG) to strengthen investment flows from India into Nepal’s economy.

India remains Nepal’s largest source of foreign direct investment (FDI), accounting for more than 32% of the country’s total FDI stock, according to the Nepal Rastra Bank’s Survey Report on Foreign Direct Investment 2023/24. NICCI President Sunil KC said the figure “underscores the deep and enduring investment ties between Nepal and India and highlights the significant role Indian investors play in Nepal’s economic development.”

At a meeting on May 21, 2025, IBN and NICCI discussed a programme of activities to promote bilateral economic cooperation. Proposed measures include investment seminars, targeted meetings with potential investors and investor roadshows across Indian cities to showcase Nepal’s opportunities and encourage private sector partnerships.

The JWG brings together senior representatives from both organisations. IBN’s team includes Joint Secretary Hem Raj Tamang, PPP Project Consultant Mukta Pandey and Under Secretary Manoj Regmi. NICCI’s delegation comprises Vice-President Kunal Kayal, member Abhiman Bararia and Director Marshal Rathor.

KC said the members’ combined experience will guide the planning and implementation of strategic initiatives to attract and facilitate investment. “The formation of this Joint Working Group marks a significant milestone in the ongoing efforts to deepen economic engagement between Nepal and India,” he added, noting that the partnership aims to identify concrete investment avenues and build stronger institutional links with Indian business communities.

NICCI President KC noted that future initiatives will include sector‑wise private‑sector‑to‑private‑sector joint project planning. The JWG will prioritise initiatives supporting infrastructure development, public‑private partnerships (PPPs) and other priority sectors where Nepal offers attractive returns and strategic opportunities for Indian investors.