FNCCI, TiE sign MoU to bolster entrepreneurship

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Sunday signed a Memorandum of Understanding (MoU) with The Indus Entrepreneurs (TiE) to bolster entrepreneurship in the country by encouraging foreign entrepreneurs to start business here.
The MoU will pave the way for tapping ideas from global entrepreneurs and to use the network of TiE for entrepreneurial development in Nepal, FNCCI President Suraj Baidhya said.
Baidhya and Nikesh Sinha, charter member of TiE, signed the MoU on behalf of their respective organizations.
TiE is a group of successful entrepreneurs, corporate executives and senior professionals with roots in the Indus region. Started in 1992, it currently has 13,000 members, including 2,500 charter members across 14 countries.
"Nepal can benefit from the global connect program of TiE," Sinha said after signing the MoU. "The recent positive political developments and success of constitution writing process will create a favorable environment for investment in Nepal."
Larraine Hariton, special representative for commerce and business affairs of US Department of State, was also present in the MoU signing ceremony.
"This MoU can help identify promising entrepreneurs in Nepal and attract more international investors here," Hariton said, adding: "Time has come for the government of Nepal and private sector to work together in order to boost the country´s economy."