FMM and FNCCI sign a memorandum of understanding to strengthen economic relations between Malaysia and Nepal

KUALA LUMPUR, April 29 (Bernama) — The Federation of Malaysian Manufacturers (FMM) has signed a memorandum of understanding (MoU) between Malaysia and the Federation of Nepal Chambers of Commerce and Industry (FNCCI) to promote cooperation and strengthen economic ties. ) was concluded. Our business also includes Nepal.

This MoU was signed by FMM Chairman Tan Sri Soe Thian Lai and FNCCI Chairman Chandra Prasad at the Nepal Investment Summit hosted by the Government of Nepal held in Kathmandu, Nepal from April 28 to 29, 2024.・The FMM announced in a statement today that it was signed by Mr. Dhakal.

The industry group said key areas of cooperation include promoting business matching and investment promotion activities, and exchanging information on market intelligence and trade and investment opportunities.

Other key areas include holding business forums, seminars and trade missions to enhance networking between Malaysian and Nepalese businesses, as well as supporting SME development and capacity building efforts, he said.

Mr Soh said FMM recognizes Nepal’s immense investment potential and is committed to exploring avenues for cooperation and growth in the region.

“Therefore, FMM led a delegation to attend the Nepal Investment Summit 2024. The summit is a great opportunity for investors, businesses and government representatives to explore investment opportunities and develop strategic partnerships in Nepal’s fast-growing economy. This is a great opportunity to build.”

“By fostering closer ties and fostering cross-border cooperation, FMM and FNCCI aim to maximize the potential of Malaysia-Nepal economic relations,” he said.

— Bernama

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