The Policy Research Institute (PRI) and Confederation of Nepalese Industries (CNI) have signed a Memorandum of Understanding (MoU) to work in partnership in policies and research-related areas.

Executive Chairman of PRI Prof Dr Lekhnath Sharma and CNI Director General Ghanashyam Ojha signed the MoU on Thursday to forge collaboration between the two institutions to work policies and industrial matters.

PRI is a government think-tank working to review public policies, programs and strategies through research and analysis and provide policy recommendations to the government.

CNI Director General Ojha said the MoU is aimed at establishing links between industrial fraternity and academia, ensure collaboration on policies and industrial matters, carry out joint research and produce data, and work for capacity building.

The MoU between PRI and CNI is expected to contribute to create a synergy effect in the country's economy through enhanced coordination on drafting of policies.