| About
NICCI
The Backgrounds
Nepal and India , despite their vast
differences in size and population, are closely held together
by their culture and traditions. A history of close co-operation
and friendship between the people of these two nations has been
greatly facilitated by the long and open border and close economic
ties between these countries. In the past few years there have
been tremendous progress in economic relationship between Nepal
and India . In the recent years, the two countries have successfully
concluded very important treaties such as, Nepal-India Trade
Treaty 1996 and its subsequent renewal, Nepal-India Transit
Treaty, Mahakali Treaty and Power Trade Agreement, to name a
few.
Nepal has the largest volume of trade with India . Nepal also
has the largest trade deficit with India , and this figure is
increasing from year to year. Of late, it is widely felt that
Nepal must concentrate heavily on import substitution and in
setting up and furtherance of export-oriented industries. To
achieve this, Nepal must attract direct foreign investment with
more and more value additions in Nepal so that it may industrialize
faster and also increase trade with India so as to reduce the
trade deficits with the trading partners.
The genesis of NICCI
The Nepal India Chamber of Commerce
and Industry ( NICCI ) was established in 1994. The primary
aim of NICCI is to promote Joint Venture Investment and economic
relations between Nepal and friendly India through the good
bilateral relations and co-operation subsisting between the
two countries. NICCI also helps Indian companies to find partners
for trade and manufacture in Nepal . It is a forum to discuss
and resolve problems and issues faced by the member organizations,
and it also represents them to appropriate authorities to work
on industry-related issues.
Presently, it has 150 members from leading Nepalese and Indian
companies and Indian Joint Venture companies. It is the only
body established in Nepal for the mutual benefit of India and
Nepal in terms of trade and commerce.
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