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Press Release

NICCI Signs MoU with North East Federation on International Trade (NEFIT), India

NICCI Signs MoU with North East Federation on International Trade (NEFIT), India

Nepal-India Chamber of Commerce & Industry (NICCI) welcomed the Member Delegates of BIBN Friendship Car Rally at NICCI Secretariat, Kathmandu today.


The Car Rally was organized by North East Federation on International Trade (NEFIT), India which embarked on its journey from Guwahati of India on 28th October 2023. The Rally made its entry into Nepal via Panitanki-Kakarvitta custom on 1st October 2023 and reached its destination in Kathmandu on the evening of 2nd October 2023. This exhilarating rally is scheduled to conclude on 9th October 2023 in Guwahatti, India with a closing ceremony there.  


NICCI Secretary General Mr. Ramesh Sharma along with Treasurer Mr. Kunal Kayal, Executive Member and Convener of the Trade and Transit Committee at NICCI Mr. Rajan Sharma and other NICCI officials extended a warm welcome to the delegates of the Car Rally with Garland, Khada and Tika at NICCI Secretariat at Narayanchaur, Naxal, Kathmandu.   


In a significant development, during the welcome ceremony, NEFIT and NICCI formalized their commitment to future collaboration in areas of bilateral trade promotion, economic cooperation, educational and cultural exchange by signing a Memorandum of Understanding (MoU).  The MoU was signed by Mr. Ramesh Sharma, Secretary General of NICCI and Mr. Mrinal Hatkhowa, Secretary General of NEFIT.


The agreement marks another milestone in NICCI’s efforts to strengthen ties with Indian Trade and Industry-related organizations. It follows closely on the heels of the MoU signed between NICCI & BCC&I, Kolkata on 28th September 2023.


Mr. Mrinal Hatkhowa, Secretary General of NEFIT, expressed his gratitude to NICCI for the warm welcome extended to the NEFIT team and members of the Car Rally in Nepal.  He emphasized the potential for future collaboration envisioned through MoU.


Mr. Rajan Sharma, Executive Member and Convener of Trade and Transit Committee at NICCI, emphasized the commonalities between Nepal and India, including climate, culture, lifestyle and people-to people connections. He highlighted the multitude of areas where NICCI and NEFIT can can collaborate and extend cooperation in the spirit of “GROW TOGETHER”. The MoU signed today represents just the beginning of a promising partnership, and both organizations are eager to explore opportunities for further collaboration.


The delegates and officials of NICCI engaged in a fruitful exchange of views and experiences during the program, setting the stage for dynamic and mutually beneficial partnership.


NICCI and NEFIT are excited about the prospects that lie ahead and look forward to fostering stronger economic ties, promoting cultural exchange, and advancing bilateral trade relations between Nepal and India.