Nepal-India Chamber of Commerce and Industry (NICCI) and the Investment Board, Nepal (IBN) formally established a Joint Working Group (JWG) aimed at strengthening investment flows from India into Nepal’s growing economy.
India remains Nepal’s largest source of foreign direct investment (FDI), accounting for over 32 percent of total FDI stock in the country, according to the latest data from Nepal Rastra Bank’s Survey Report on Foreign Direct Investment 2023-24.
“This underscores the deep and enduring investment ties between Nepal and India and highlights the significant role Indian investors play in Nepal’s economic development,” said NICCI president Sunil KC. “The newly formed JWG will serve as a collaborative platform to encourage increased Indian participation across key sectors of Nepal’s economy,” he added.
The group includes senior representatives from both organizations. From IBN, Joint Secretary Hem Raj Tamang, PPP Project Consultant Mukta Pandey, and Under Secretary Manoj Regmi will contribute their expertise, while NICCI’s contingent comprises Vice President Kunal Kayal, Member Abhiman Bararia, and Director Marshal Rathor. “Their combined experience will guide planning and implementation of strategic initiatives designed to attract and facilitate investment,” KC said.
The IBN-NICCI meeting held on May 21, 2025 provided a forum for substantive dialogue on future collaboration opportunities. Participants explored a range of activities including investment seminars, targeted meetings, and investor roadshows across India that will showcase Nepal’s investment potential and promote bilateral economic cooperation.
“The formation of this Joint Working Group marks a significant milestone in the ongoing efforts to deepen economic engagement between Nepal and India,” KC said, adding that the partnership will help identify concrete avenues for investment and build stronger institutional linkages with Indian business communities. “NICCI and IBN initiative includes the investment roadshow in different cities of India in future and sector-wise private sector-to- private sector joint project planning.”
The Joint Working Group will also prioritize initiatives that support infrastructure development, public-private partnerships (PPPs), and other priority sectors, where Nepal offers attractive returns and strategic opportunities for Indian investors.
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