Kathmandu, June 13
The Federation of Nepalese Chambers of
Commerce and Industry (FNCCI) and MEDEF International – the French business
confederation - signed a Memorandum of Understanding (MoU) for investment cooperation
in the presence of Prime Minister KP Sharma Oli in Paris on Wednesday.
The FNCCI said that the MoU was signed to
enhance economic and business relations between Nepal and France and cooperate
and collaborate in the areas of investment and technology transfer.
Presidents
of FNCCI and MEDEF International Bhawani Rana and Frederic Sanchez respectively
signed on the MoU on behalf of their organisations.
Both the organisations have long been
cooperating in business and investment promotion.
The MoU includes the issues like exchange of
business delegation between the two countries, study visits by economic and
business sectors, organisation of meetings, interactions, seminars,
organisation of seminars in technical areas, exchange of information and
knowledge, expansion of business relations, identify investment and trade
opportunities and cooperation in technology and investment attraction.
Prime Minister Oli congratulated both the
organisations for inking an important undertandoing and expressed hope that the
MoU would play a crucial role in developing collaboration in the areas of
mutual benefit.
Addressing the event, Prime Minister urged
the French business community and investors to come to Nepal and make
investment. He also elaborated the recent legal reforms made in order to create
more conducive business and investment environment in the country.
Rana expressed hope that the MoU would pave
a way for rigorous coopereation between the two organisations and developing
the business relations between Nepal and France.
She said that the FNCCI was ready to help
French investors in making investments in Nepal.
Nepali Ambassador to France Deepak Adhikari,
French Ambassador to Nepal Francois-Xavier Leger, FNCCI Vice-President Kishor
Kumar Pradhan and other delegation members were also present on the occasion.
Meanwhile, Prime Minister Oli addressed the
Nepali diaspora in Paris later in the afternoon.
Published in The Rising Nepal daily on 14 June 2019. 
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