Kathmandu, Feb 21: President of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal has expressed the belief that both India and Nepal should work towards deeper economic integration, smoother customs procedures, better standards alignment and stronger digital trade systems.
Speaking at the 2nd Indo-Nepal Trade Festival 2026 in New Delhi, India on Friday, he said MSMEs on both sides need easier access to finance, technology transfer and market information. “People-to-people ties remain our biggest strength. Cinema, culture, education exchanges and tourism build understanding beyond official meetings. When our entrepreneurs meet, when our young people collaborate, when our artists perform across borders, the foundation of economic cooperation becomes stronger.”
Nepal can also serve as a gateway between India and China, offering strategic advantages for trade and connectivity, he added.
Stating that Nepal is actively building a pipeline of bankable projects and long-term partnerships, he said the country is committed to delivering consistency, confidence and continuity. The Federation of Nepalese Chambers of Commerce and Industry has been strongly advocating for predictable policies, responsible fiscal management and private sector–led growth.
Noting that India is Nepal’s largest trade partner and one of our biggest sources of investment, he said our open border, cultural closeness and deep family ties make our partnership unique in the world. “Today when the global economy is facing uncertainty, supply chain disruptions and regional tensions, it is even more important that neighbours work closely and support each other’s growth.”
Referring to the recent Union Budget of India that places strong emphasis on infrastructure, manufacturing, digital connectivity, green energy and support to MSMEs, he said India’s continued investment in railways, highways, logistics parks and digital public infrastructure will not only strengthen its own economy but also create opportunities for neighbouring countries like Nepal.
Dhakal also shared that Nepal is also focusing on economic reforms, infrastructure development and improving the investment climate. Nepal has immense potential in hydropower, tourism, agriculture, information technology, manufacturing and services.
Investment opportunities in Nepal are expanding. The government has simplified procedures in many sectors and is working to reduce bottlenecks. There are opportunities in industrial parks, special economic zones, cross-border logistics, agro-processing, pharmaceuticals, education and health services.
The FNCCI Chair said the Indo-Nepal Trade Festival is not just an event but a platform to convert goodwill into business deals, ideas into projects and conversations into partnerships.
