Guwahati: The Indian Chamber of Commerce (ICC) and the North Eastern Development Finance Corporation Ltd (NEDFi) have agreed to collaborate to promote investment in Assam and the North East States of India, as well as to contribute to various initiatives aimed at reforms, policy advocacy, ease of doing business, market linkages, and the promotion of sustainable business practises, among other things, in Assam and the North-East of India, and to connect the region with India's larger contemporary economic perspective.

On July 20, Indian Chamber of Commerce and North Eastern Development Finance Corporation Ltd will sign a Memorandum of Understanding.

The Memorandum of Understanding intends to promote mutual understanding and collaboration in accelerating economic growth in India's North Eastern Region, as well as entrepreneurship via effective mentorship, skill development, and capacity building of micro, small, and medium firms.