The Kanara Chamber of Commerce and Industry (KCCI) and the Goa Chamber of Commerce and Industry (GCCI) have solidified their commitment to collaboration by signing a memorandum of understanding (MoU). Established in 1940, KCCI focuses on fostering the growth of the Dakshina Kannada region's trade and industry. Similarly, GCCI, founded in 1908, safeguards and promotes the interests of Goa's trade and industry sector.

The MoU aims to bolster mutual cooperation and achieve common objectives effectively. It outlines several areas of collaboration, including promoting cooperation between business entities and financial institutions in both regions. Both chambers agreed to develop robust institutional, trade, and business relations and establish sustainable mechanisms for dialogue and discussions.

Additionally, the agreement emphasizes supporting cooperation between enterprises, facilitating trade, joint ventures, industrial cooperation, and technology transfer. KCCI has committed to providing technical expertise and advisory support to GCCI in establishing an Alternative Dispute Resolution Centre within GCCI’s premises to enhance commercial harmony among stakeholders.

Ananthesh V Prabhu, President of KCCI, and Shrinivas V Dempo, President of GCCI, signed the MoU in Mangaluru. This underscores the commitment of both chambers to fostering stronger ties and facilitating mutual growth and development in their respective regions. The partnership is poised to benefit businesses in Dakshina Kannada and Goa, promoting economic prosperity and cooperation between the two regions.