Private Sector Entities Forge Strategic Alliances at Nepal Investment Summit with Two Key Agreements

During the Nepal Investment Summit-2024 convened in Kathmandu, significant strides were made towards bolstering international partnerships, as evidenced by the signing of two pivotal agreements between private sector entities.

In the aftermath of the inaugural session of the Nepal Investment Summit-2024, a landmark agreement was inked with the primary objective of enhancing professional collaboration between domestic and foreign business organizations.

The first agreement was consummated between the Federation of Nepalese Chambers of Commerce & Industry (FNCCI) and the National Chamber of Commerce & Industry of Malaysia (NCCIM), aimed at fostering bilateral trade and investment endeavors. This momentous accord saw the respective presidents, Chandra Prasad Dhakal of FNCCI and Tan Sri Soh Thian Lai of NCCIM, affixing their signatures, symbolizing a mutual commitment to advancing economic ties between Nepal and Malaysia.

Furthermore, another noteworthy agreement was struck between two prominent business entities of Nepal and India, signaling a concerted effort to collaborate on the establishment and operation of a data center. The agreement was formalized between BLC Holdings Nepal and Yotta Data Services India, with Megha Chaudhary, Managing Director of BLC Group, and Sunil Gupta, CEO of Yotta, playing instrumental roles in cementing this strategic partnership.