MoU signed to promote Nepali products in sister cities

The Industry Ministry and Kathmandu Metropolitan City (KMC) last week signed a memorandum of understanding (MoU) to establish stalls showcasing Nepali products in Kathmandu's sister cities aboard in a bid to promote exports. They are planning to open outlets to display and sell these goods in 16 different countries including the US, Japan, China, India, Myanmar and South Korea. Dinesh Ghimire, joint secretary of the ministry, and Rudra Singh Tamang, executive Chief of KMC, signed the accord in the presence of Industry Minister Nabindra Raj Joshi. Setting up such showrooms in the sister cities of Kathmandu will help to promote markets for Nepali products in these places, according to Joshi. “The main objective of this pact is to take advantage of the existing ties and cooperation between KMC and its sister cities around the world to promote Nepali products through the exhibition and sales channels in those cities,” he said. “This will help in the branding of Nepali products and buyers of Nepali goods will increase. This will support the development and expansion of Nepali industry,” he added. According to Tamang, officials of different sister cities have shown keen interest in exhibiting Nepali goods and the MoU has paved the way for the development of new markets for domestic products. As per the MoU, KMC will determine the number of locations in its sister cities based on the space available and extent of demand for Nepali products locally. Currently, KMC has sister city relations with 16 cities around the world and, according to Tamang, the number will reach 20 soon.