Categories: Business

Nepal’s prime minister visits India, meets Modi to deepen ties By Reuters

[ad_1]

4/4
Nepal's prime minister visits India, meets Modi to deepen tiesNepal's prime minister visits India, meets Modi to deepen ties© Reuters. Nepal’s Prime Minister Sher Bahadur Deuba speaks his Indian counterpart Narendra Modi ahead of their meeting at Hyderabad House in New Delhi, India April 2, 2022. REUTERS/Adnan Abidi

2/4

By Gopal Sharma

KATHMANDU (Reuters) -Nepal’s Prime Minister Sher Bahadur Deuba met his Indian counterpart Narendra Modi and inaugurated the Himalayan nation’s only railway link with its southern neighbour on Saturday in a summit meant to deepen relations.

Deuba’s first trip to India since becoming prime minister in July comes a week after a visit by Chinese Foreign Minister Wang Yi to Nepal.

Nepal, a natural buffer between India and China, traditionally balances its ties with Beijing and New Delhi as both seek to woo it by pouring in aid and investment for infrastructure.

After the meeting, Deuba and Modi jointly flagged off Nepal’s only railway link between Janakpur in Nepal and the border town of Jaynagar in India.

The 35-km (22-mile) railway was reconstructed by India as a grant. It was built by the colonial British Indian government as a narrow-gauge line to transport logs from Nepal.

The two prime ministers also remotely inaugurated an electricity transmission line that will supply hydroelectric power generated in the Solukhumbu area, where Mount Everest is located, to Nepal’s national power grid.

Both countries agreed to speed up the Pancheswar hydroelectric project on their border in west Nepal, which Modi said would be a “game changer” for the development of the region.

“The friendship between India and Nepal and mutual relationship between our people … cannot be found anywhere in the world,” Modi told a news briefing after the meeting. “Threads of our civilization, culture and mutual exchanges have been linked since ancient times.”

Deuba said Nepal’s ties with India were “highly important” and Kathmandu was “eager to benefit from India’s progress through a mutually beneficial economic partnership.”

Nepal agreed to use the Indian RuPay card which would strengthen “financial connectivity,” and promote Indian tourist flows, India said in a statement.

Both sides also signed agreements that include cooperation in railways and sharing technical expertise between the Indian Oil Corporation and Nepal Oil Corporation.

Analysts said the visit would help further promote the multi-faceted relations between India and Nepal.

“The visit is taking place after four years and will help increase trust and understanding between the two countries,” Dinesh Bhattarai, a Nepali former ambassador to Geneva told Reuters.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

[ad_2]
Source link
Admin

Recent Posts

Air India: A Journey Through Time

Hey there! Ready to embark on a historical journey with Air India? Whether you're a…

5 days ago

The Rise of Smart Altcoins: How 2025 Is Reshaping the Crypto Hierarchy

In 2017, altcoins were seen as experimental side projects to Bitcoin. By 2021, they became…

3 weeks ago

5 Services That Can Transform Your Shopping Center in Las Vegas into a Must-Visit Destination

Shopping centers in Las Vegas have a unique opportunity to stand out by offering not…

3 weeks ago

Levitra Dosage: Guidelines for Safe Use

Levitra, a widely recognized medication for treating erectile dysfunction (ED), has proven to be a…

1 month ago

Practical Tips for Carpet Cleaning on a Budget

Have you ever looked down at your carpet and wondered if there’s a budget-friendly way…

2 months ago

The Best CSGO Case to Open in 2025: Top Picks for CS2 Skins

Counter-Strike 2 (CS2) has elevated the thrill of case openings, captivating both seasoned CS:GO veterans…

3 months ago