India-Nepal signed 8 agreements to boost the bilateral relations

Aug 24, 2017 14:45 IST
India-Nepal signed 8 agreements to boost the bilateral relations

India and Nepal on 24 August 2017 signed eight agreements in different areas of mutual benefit including demand reduction and prevention of illicit trafficking in narcotic drugs and cooperation in the field of standardization and conformity assessment among others. The agreements were signed in New Delhi during Nepal Prime Minister Sher Bahadur Deuba visit to India.

Nepal PM Deuba is on a five-day long state visit to in India (23 August to 27 August 2017). The signed agreements will help the two nations to boost the bilateral relations.

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List of MoUs/Agreements signed during the visit of Prime Minister of Nepal to India

• MoU on modalities for utilization of India’s housing grant component to support reconstruction of 50000 houses

• MoU on implementation of the grant component of India’s post-earthquake reconstruction package in the education sector in Nepal

• MoU on implementation of the grant component of India’s post-earthquake reconstruction package in the cultural heritage sector in Nepal

• MoU on implementation of the grant component of India’s post-earthquake reconstruction package in the health sector in Nepal

• MoU for implementation arrangement on cost sharing, schedules and safeguard issues for construction of Mechi bridge under ADB's SASEC road connectivity programme (Tranche 2), funded by Union Government

• MoU on drug demand reduction and prevention of illicit trafficking in narcotic drugs, psychotropic substances and precursor chemical and related matters

• Agreement on cooperation in the field of standardization and conformity assessment

• MoU between the institute of chartered accountants of India and the institute of chartered accountants of Nepal

On his arrival in New Delhi on 23 August 2017, the Prime Minister Sher Bahadur Deuba was received by External Affairs Minister Sushma Swaraj.

In addition, after his arrival to India PM Deuba participated in India-Nepal Business Forum meeting on 23 August 2017 in New Delhi. During the meet, he reposed faith in Make in India initiative saying, it will also help Nepal in reviving its manufacturing sector and create jobs.

He said, through Foreign Direct Investment, Nepal is eager to participate in the scaling up benefit from the regional value chain. The Nepalese Premier said his goal is to work for the future youth.

This is Deuba's first visit abroad after assuming the office of Prime Minister of Nepal in June 2017. A high-level delegation is accompanying the Nepalese Prime Minister.

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