NICCI Suggests Formation of Foreign Investor Council

The Nepal-India Chamber of Commerce & Industry (NICCI) on Thursday, November 6, suggested Finance Minister Rameshore Khanal to establish a Foreign Investor Council to better facilitate foreign investors in Nepal.

During a courtesy meeting with the finance minister, NICCI President Sunil KC raised key issues faced by Indian multinational companies operating in Nepal, including concerns over the General Sales Tax (GST) and the need to curb unauthorised trade, the Chamber said in a statement.

“The recent review of GST by Indian government is expected to result into widening price arbitrage (raising grey-channel risk) and improved affordability for impacted formal imports – as price ladder’s shift downwards along with India MRP revisions,” read the statement.

India’s 56th GST Council has approved broad rate revisions effective from September 22, 2025, re-basing maximum retail prices across several fast-moving consumer goods (FMCG) categories.

KC also warned of the growing scale of illegal trade that is “bleeding the government coffers,” according to the statement.

In response, Finance Minister Khanal said the ministry would consider idea.