Nepal-India Chamber of Commerce and Industry (NICCI) recently held the India-Nepal Economic Partnership Summit 2023 to boost business and trade ties between the two neighbours. 

The summit organised in Birgunj, in association with the Nepal SBI Bank, Birgunj Chamber of Commerce and Industry, the Startup Network and PHDCCI India-Nepal Centre, aimed to open new avenues of business engagements and investments in key sectors of the economy, besides giving a much-needed boost to the trade near the crucial India-Nepal border at Birgunj. 

The key takeaways of the summit were: To create a platform through joint action for deeper economic engagement between India and Nepal, to channel investment from India to Nepal and other ways round, to re-establish India-Nepal bilateral relations as the core strength of the sub-regional cooperation in South Asia and to bring-in to notice the hidden potential in the Border Area Development Programme. 

The programme will pave the way for India’s major involvement in helping the infrastructural facelift of Nepal’s bordering districts in Bihar and making them the gateways of the India-Nepal Trade Connection, the chamber said in a statement. 

President of NICCI Shreejana Rana stressed the need to further simplify the procedures of doing business between the two countries.