SGCCI and Kapilvastu Chamber of Commerce Sign MoU to Increase Nepal-Surat Trade

Surat: The Southern Gujarat Chamber of Commerce and Industry (SGCCI) and the Kapilvastu Chamber of Commerce and Industries in Nepal have signed a Memorandum of Understanding (MoU) to strengthen commercial connections and promote mutual progress. By facilitating a professional interchange between firms in Nepal and Surat, SGCCI’s Global Connection Mission 84 hopes to boost bilateral commerce between the two countries.

Ramesh Vaghasia, President of SGCCI, shared insights into the concerted efforts undertaken through Mission 84 to boost exports from the Gujarat region and further fortify India’s economy. As part of these efforts, the proposal for the Memorandum of Understanding was presented, with the primary objective of enabling a mutually beneficial professional exchange between industrialists in Surat and their counterparts in Nepal. The MoU was officially signed by Dholkharam Ghimire, President of Kapilvastu Chamber of Commerce and Industry.

With the MoU now in place, SGCCI and the Kapilvastu Chamber of Commerce will facilitate professional exchange opportunities between businesses in Surat and Nepal. This collaboration is expected to open new avenues for trade, investment, and cooperation, fostering economic growth in both regions.

Chirag Desai, representing SGCCI extended an invitation to the Kapilvastu Chamber of Commerce and Industry and the Nepal Chamber of Commerce and Industry to visit Surat along with a delegation of local businessmen. Additionally, both Nepali Chambers of Commerce extended a warm invitation to a delegation of industrialists from Surat, under the auspices of SGCCI, to explore business opportunities and visit industries in Nepal.

“This MoU marks a significant step towards strengthening the economic bonds between Nepal and Surat, and it reflects the commitment of both chambers to promoting trade, sharing expertise, and building lasting partnerships” said Ramesh Vaghasia, SGCCI president.