Kathmandu Hosts India-Nepal B2B Meeting to Bolster Economic Ties

In an effort to strengthen economic partnerships, the Embassy of India in Kathmandu, in collaboration with the Investment Board of Nepal (IBN) and the Nepal India Chamber of Commerce and Industry (NICCI), hosted a Business-to-Business (B2B) meeting today in Kathmandu. This event followed the recent Post Investment Summit to foster deeper connections between businesses from the two neighboring countries.

The meeting saw participation from 35 delegates, including members from the Millenium India International Chamber of Commerce and Industry (MICCIA) and NICCI, representing sectors such as energy, agriculture, construction, tourism, cold chain, medical devices, finance, consultancy, and law.

Shreejana Rana, President of NICCI, highlighted hydropower, tourism, and agriculture as key sectors for India-Nepal cooperation. Ambassador Anil Trigunayat, President of MICCIA, praised the latest bilateral connectivity projects and emphasized the significance of B2B interactions in advancing the India-Nepal Economic Partnership. Ramesh Adhikari, Under Secretary at IBN, encouraged Indian investors to engage with Nepal, acknowledging the strong presence of the Indian business delegation that participated in the 3rd Nepal Investment Summit held on April 28-29, 2024.

A highlight of the meet was the signing of a Memorandum of Understanding (MOU) between MICCIA and NICCI, aimed at enhancing cooperation between Indian and Nepali businesses. Additionally, Indian delegates received the 3rd edition of the Handbook for Indian Investors Investing in Nepal, unveiled a day earlier by Hon’ble Finance Minister Barshaman Pun.

The event marks a significant step in strengthening the economic ties between India and Nepal, paving the way for future collaborations and investment opportunities across various sectors.