Nepal, India agree to expand energy, petroleum and railway mechanism

KATHMANDU: Four different agreements have been signed between Nepal and India regarding mutual cooperation and collaboration including expansion of energy, petroleum products and railway service mechanism.

After the meeting between Prime Minister Sher Bahadur Deuba and Indian Prime Minister, Narendra Modi at Hyderabad House in New Delhi, agreements were signed for Nepal to officially participate in international solar energy partnership, providing Indian technical support to Nepal’s railway service sector, providing assistance to petroleum sector and exchanging experts between Nepal Oil Corporation and Indian Oil Corporation.

Prime Ministers of both the countries jointly launched Kurtha-Jaynagar cross-border rail link as well as launched Rupay Card of India for the use in Nepal.

Similarly, PM Deuba and his Indian counterpart also jointly inaugurated 132-KV Solu Corridor Transmission Line earlier today. The transmission line was constructed in Nepal at Rs 3.20 billion loan assistance of India.

At a news conference organised following the signing of agreements, PM Deuba said that fruitful discussion was held on various aspects of Nepal-India relations.

Saying Nepal’s relations with India are very crucial, he lauded the progress achieved by India under Prime Minister Modi’s leadership.

Praising the effective management carried out by India to control COVID-19 pandemic, PM Deuba extended gratitude towards India for its support to Nepal’s battle against COVID-19.

He further said RuPay, a multinational financial services and payment service system, that comes into effect from today has added a new chapter in Nepal’s financial sector. RSS