Kathmandu,
Mar. 25: Federation of Nepal Gold and Silver Dealers’ Association (Fenegosida)
and Nepal Gem and Jewellery Association (Negja) have agreed to go for a merger.
The two gold
and silver, and gem and jewellery sector business associations signed a
Memorandum of Understanding (MoU) for the merger on Sunday.
Mohan Kumar
Sunar and Ramesh Maharjan, president of Fenegosida and Negja respectively
signed the MoU on behalf of their organisations.
A meeting of
the merger task force has concluded that the merger of the two business
associations of the same sector was inevitable to tackle the long-term
challenges in the business. It also expressed commitment to include the businesses
and associations of all gold, silver, gems and jewellery businesses.
Both the
associations said that they would work for export promotion, business
upgrading, better revenue contribution and economic progress of the country.
They said that all the event of the sector would be jointly organised in the
future.
But the date
of their merger has not been declared yet.
Published in The Rising Nepal daily on 26 March 2018.
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