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Four Agreements Signed Between Nepal & India

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Four agreements have been signed between Nepal and India. Four agreements including the energy trade agreement were signed after the meeting of the Foreign Ministerial Joint Commission held in Kathmandu on Thursday. The energy trade agreement was signed in the presence of Foreign Minister NP Saud and Indian Foreign Minister S Jaishankar. The energy secretaries of the two countries have signed an agreement for India to import up to 10,000 megawatts of electricity from Nepal in 10 years.

An agreement has been signed to help India launch manual satellites made by Nepal. According to the agreement reached between Nepal Academy of Science and Technology New Space India Limited, India will assist Nepal for the satellite launch. Similarly, the High Impact Community Development Project (HICDP) implementation agreement has been signed by Finance Secretary Krishnahari Puskar and Indian Ambassador to Nepal Navin Srivastava. According to this agreement, the Indian Embassy in Kathmandu now spends 20 crores on a single project

India has agreed to provide 10 billion Nepali grant to Nepal for the reconstruction of the earthquake-affected areas of Nepal. The foreign ministers of both countries have inaugurated three transmission lines with a power capacity of 132 KB. “Raksauval-Parwanipur line, Kataiya-Kushaha and Nautanwa-Mainwa 132 KV transmission lines have been inaugurated in the meeting,” said Amrit Rai, spokesperson of the Ministry of Foreign Affairs, “along with this, Nepal-India electricity trade will also become easier.”

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