KATHMANDU: In a bid to foster trade and investment promotion, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Malaysia’s National Chamber of Commerce and Industry (NCCIM) have signed bilateral agreements during the ongoing Third Investment Summit.

The signing ceremony, a highlight of the summit’s opening session, saw FNCCI President Chandra Prasad Dhakal and NCCIM President Tan Sri Dato’ Soh Thian Lai formalizing the agreements on behalf of their respective organizations.

Additionally, a notable collaboration between Nepalese and Indian entities was sealed, focusing on the establishment and operation of a data center.

BLC Group Nepal and Yotta Data Services Private Limited of India inked the cooperation agreement during the event.

The agreement was signed by Megha Chaudhary, Managing Director of BLC Group, and Sunil Gupta, CEO of Yotta, representing their organizations.