March 28: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Investment Board Nepal (IBN) have signed a Memorandum of Understanding (MoU) for cooperation in promoting domestic and foreign investment in the country.

FNCCI President Shekhar Golchha and IBN Chief Executive Officer Sushil Bhatta signed the MoU to this effect in the presence of Finance Minister Janardan Sharma, who is also the vice chairperson of the board, amid a function on Sunday (March 27).    
According to the MoU, a help desk related to foreign direct investment (FDI) will be set up at the FNCCI Secretariat.    
Similarly, the FNCCI will actively help the IBN to identify and search for foreign investment projects. It will organise programmes relating to investments at home and in foreign countries.    
Likewise, both the FNCCI and IBN have agreed to cooperate on topics related to acquiring knowledge and sharing experiences and information, and in carrying out policy reforms in investment through public private partnership concept.    
Also, both the organisations agreed to cooperate in organising investment-related assemblies, conferences, exhibitions, seminars, workshops and training sessions at national and international levels in order to promote foreign direct investment and other investments.    
On the occasion, Finance Minister Sharma said that the MoU between the FNCCI and IBN has been exemplary for the promotion of domestic and foreign investment in the country and expressed the hope that both the institutions would implement the decision.    
Others present on the occasion were the IBN member and FNCCI outgoing President Bhawani Rana, the IBN joint secretary Bhagawan Aryal, the FNCCI senior vice president Chandra Prasad Dhakal, vice presidents, Dinesh Shrestha, Anjana Shrestha and Ram Chandra Sanghai and President of the International Investment Promotion Committee, of FNCCI, Aananda Bagadiya.     (With inputs from RSS)