Kathmandu, Mar. 27: A memorandum of understanding (MoU) has been reached between the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Investment Board Nepal (IBN) for cooperation in internal and foreign investment promotion in the country.

The FNCCI President Shekhar Golchha and the IBN chief executive officer Sushil Bhatta signed the MoU in the presence of Finance Minister and IBN Vice-Chairperson Janardan Sharma amid a function here today.

According to the MoU, a help desk related to direct foreign investment will be set up at the FNCCI Secretariat.

Similarly, the FNCCI actively helps the IBN to identify and search for foreign investment projects through itself. It will organise road programmes relating to investments at home and in foreign countries.

Likewise, both the FNCCI and IBN cooperate in subjects of acquiring knowledge and sharing experiences and information, and in carrying out policy reforms in investment within the public-private partnership concept.

Also, both of the organisations cooperate in organising investment-related assemblies, conferences, exhibitions, seminars, workshops, and training sessions at the national and international levels in order to promote direct foreign investment and other investments.

On the occasion, Finance Minister Sharma viewed 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 their words.

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, FNCCI, Aananda Bagadiya among others.