India and Nepal sign four agreements and launch multiple projects
Prime Minister of India Narendra Modi and his Nepalese counterpart Sher Bahadur Deuba held a meeting in New Delhi on April 02, 2022 during which the two countries launched multiple initiatives as well as signed four crucial agreements in multiple domains.
The focus of the meeting between the prime ministers of India and Nepal was on developmental cooperation.
The Prime Minister of Nepal is on three-day visit to India.
List of initiatives launched:
35-km cross-border railway line linking Jaynagar in Bihar to Kurtha in Nepal. This is the first broad-gauge passenger rail link between the two sides. The inaugural run of a train was flagged off on this line with a capacity of 1,000 passengers.
The Government of India handed over the Solu Corridor to Nepal, which will help to bring electricity to several remote districts in northeastern Nepal by connecting them to the national grid of the country. The 90-km and 132 kV power transmission line has been built at Indian line of credit for Rs. 200 crore.
India’s RuPay card was launched in Nepal, making it the fourth country, after Bhutan, Singapore and the UAE, where RuPay is live.
List of agreements signed:
Nepal signed a framework agreement to join the India-led International Solar Alliance. It is the 105th country to join ISA.
An memorandum of understanding (MoU) was signed on enhancing technical cooperation in the railways sector.
Indian Oil Corporation and Nepal Oil Corporation inked MoU for the supply of petroleum products for five years and for sharing of technical expertise.
A joint vision statement was unveiled for cooperation in power sector. The two sides will work for joint development of power generation projects in Nepal.