Memorandum of Understanding Signed Between Nepal Chamber of Commerce and NRN to Boost Investment, Trade, and Economic Cooperation

A Memorandum of Understanding (MoU) has been signed between the Nepal Chamber of Commerce and the Non-Resident Nepali Association (NRNA) to promote investment, expand trade, and enhance economic cooperation in Nepal. According to the agreement, joint initiatives will be undertaken in areas such as direct foreign investment, knowledge transfer, innovation, technology exchange, and the formulation of private sector-friendly policies. Both parties have agreed to organize investment conferences, roadshows, summits, and training programs aimed at channeling the capital and skills of overseas Nepalis back into Nepal. Kathmandu, 7 Bhadra.

The agreement was signed by Chamber President Kamlesh Kumar Agrawal and NRNA Chairman Dr. Hemraj Sharma. Under the terms of the MoU, facilitation will be provided to attract direct foreign investment into Nepal, while efforts will be made to develop trade, industry, and entrepreneurship, and to strengthen collaboration between domestic and non-resident Nepali business communities. Furthermore, the MoU encourages knowledge sharing, fosters innovation, promotes technology transfer, and supports joint efforts to develop private sector-friendly policies.

The Chamber and NRNA will jointly organize investment conferences, roadshows, trade summits, and professional events to create direct connections and business partnerships between foreign and non-resident Nepali investors and entrepreneurs in Nepal. They also agreed to provide support to export-oriented industries, small and medium enterprises, and startups, including capacity-building activities such as training, workshops, and seminars.

Chamber President Agrawal emphasized that for economic development, good policies alone are not enough; effective implementation, legal clarity, and an investor-friendly environment are essential. He pointed out that the lack of stability and clarity in policy and legal frameworks prevents both domestic and foreign investors from fully trusting the investment climate. He further highlighted the necessity of joint initiatives by the government and the private sector to ensure investment security, political stability, and the creation of a facilitating business environment.