Kathmandu, January 19:

European Economic Chamber (EEC)-Nepal under the Asia-Invest Programme has started a project, ‘Enhancing the Intermediary Business Organisations in Nepal’ — funded by the European Union — targeting at the Nepali private sector to enhance the capacity of Nepali intermediary business organisations (IBOs) in a chan-ged globalised competitive business environment.

The major objectives of the programme is to better equip the Nepali SMEs and European Intermediary counterparts to facilitate trade between Europe and Asia (Nepal), as per the mandated objective of EU’s Asia Invest progra-mme, states a press note.

The target group of the project are 15 Nepali business IBOs whose capacity needs to be strengthened through training, information dissemination and developing network as per the set objectives of the ECIBON project. There are also 80 indirect beneficiaries who will be benefited from the project as well, according to project implementers.

Dibya Mani Rajbhandari, president of EEC-Nepal — the lead project implementer — informing about the programme on the occasion said that the project will facilitate and boost Nepali IBOs.