NICCI proposes joint investment drive with IBN to attract Indian capital

The Nepal-India Chamber of Commerce and Industry (NICCI) has proposed a series of joint initiatives with the Investment Board of Nepal (IBN) to attract targeted Indian investment in key sectors such as hydropower, renewable energy, manufacturing, IT, tourism, education, and healthcare.

During a meeting on Wednesday, NICCI President Sunil KC congratulated IBN CEO Sushil Gyewali on his recent appointment and urged close collaboration to revive Indian investment interest in Nepal, reminiscent of the momentum seen in the late 1990s.

KC suggested organising joint investment promotion events, including the ‘Nepal–India Dialogue’ in Kathmandu this July in partnership with Network18 Media under Reliance Industries, and a high-level ‘Nepal–India Partnership Summit’ in New Delhi.

NICCI also plans to hold sector-specific roundtables across major Indian cities such as Mumbai, Kolkata, Hyderabad, Bangalore, Ahmedabad, Punjab, and Lucknow. These events will highlight high-potential sectors and promote success stories of Indian joint ventures in Nepal through a short documentary.

KC emphasised that NICCI seeks IBN’s support in all these efforts.

Responding positively, IBN CEO Gyewali affirmed the government’s commitment to resolving challenges faced by Indian joint ventures in Nepal and highlighted their role in promoting the country as an investment destination.

He also stressed the importance of issue-based outreach in Indian cities.

Ravi Rayavaram, managing director of Surya Nepal, pointed out key hurdles to foreign investment, including land ceiling restrictions, weak enforcement of intellectual property rights, and policy inconsistencies.

He noted that local registration of international brands often hampers Indian JVs, and the lack of inter-agency coordination further complicates business operations.

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