Nepal Investment Summit: Two agreements signed

KATHMANDU: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Malaysia-based National Chamber of Commerce and Industry signed bilateral agreements aimed at exploring trade and investment promotion.

The signing ceremony took place after the opening session of the Third Investment Summit today.

The FNCCI President, Chandra Prasad Dhakal, and the President of the National Chamber of Commerce and Industry of Malaysia (NCCIM), Tan Sri Dato’ Soh Thian Lai, signed the documents on behalf of their respective sides.

Similarly, two business entities from Nepal and India have entered into a cooperation agreement for the establishment and operation of a data center.

BLC Group Nepal and Yotta Data Services Private Limited of India have reached an agreement in this regard.

The Managing Director of BLC Group, Megha Chaudhary, and Yotta’s Chief Executive Officer, Sunil Gupta, affixed their signatures to the agreement on behalf of their respective organizations.