NICCI and FICCI sign MoU

Kathmandu, June 29

The Nepal-India Chamber of Commerce and Industry (NICCI) and the Federation of Indian Chambers of Commerce and Industry (FICCI) have signed a Memorandum of Understanding (MoU) to jointly promote trade, investment, and cross-border business engagement between the two countries.

The agreement, signed in New Delhi by NICCI President Sunil KC and FICCI Director General Jyoti Vij, aims to institutionalise cooperation between the two apex industry bodies through the exchange of business delegations, information sharing, and joint promotional events, NICCI informed in a statement.

As per the MoU, both organisations have agreed to facilitate reciprocal participation of business representatives in trade missions, investment forums, fairs, and exhibitions held in each country.

NICCI will remain as a Nepal partner for FICCI in Nepal and FICCI will remain as an Indian partner in an exclusive basis for India, according to the understanding.

The two sides will also regularly share non-confidential publications and data relevant to trade and investment prospects. “We will organise at least one major joint event every year and facilitate the exchange of business delegations between Nepal and India,” said KC, president of NICCI.

According to him, the partnership will also include joint studies, market surveys, and publication exchanges focused on identifying emerging areas of mutual economic interest.

Likewise, Vij emphasised the shared responsibility of both institutions in fostering closer economic ties. “As leading business organisations in our respective countries, both FICCI and NICCI are committed to strengthening the trade and investment relationship between India and Nepal,” she said.

Founded in 1927 on the advice of Mahatma Gandhi, FICCI is India’s oldest and most influential business federation with the membership of over 250,000 companies across the public and private sectors.

Similarly, established in 1993 NICCI is a bi-national, non-profit business organisation dedicated to enhancing trade, investment, and economic cooperation between Nepal and India.

Published in The Rising Nepal daily on 30 June 2025.