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 enhance bilateral trade, investment, and business cooperation.

According to a statement issued by NICCI, the MoU was signed in New Delhi by NICCI president Sunil KC and FICCI director general Jyoti Vij. The agreement aims to strengthen institutional cooperation through the exchange of business delegations, information sharing, and joint promotional activities.

The MoU includes provisions for reciprocal participation in trade missions, investment forums, exhibitions, and other business-related events in both countries. NICCI will serve as FICCI’s partner in Nepal, while FICCI will be NICCI’s exclusive partner in India.

The two organisations will also share non-confidential publications and data relevant to trade and investment opportunities.

FICCI, established in 1927, represents a wide range of Indian businesses and is based in New Delhi.