NICCI signs MoU with NEFIT, welcomes BIBN Friendship Car Rally member delegates

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

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 October 1, 2023 and reached its destination in Kathmandu on October 2, 2023.

This exhilarating rally is scheduled to conclude on October 9, 2023 in Guwahatti, India with a closing ceremony there.

NICCI Secretary General Ramesh Sharma along with Treasurer Kunal Kayal, Executive Member and convener of the Trade and Transit Committee at NICCI Rajan Sharma and other NICCI officials welcomed the delegates of the car rally with garland and tika at NICCI Secretariat in Narayanchaur, Naxal, Kathmandu, reads a statement issued by NICCI.

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 Ramesh Sharma, Secretary General of NICCI and 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 September 28, 2023.

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, according to the statement.

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 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 statement reads.

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.