Four MoUs expected to be signed in DelhiAt least four memorandums of understanding (MoUs), including two on line of credit and reconstruction aid, are expected to be signed during Prime Minister KP Sharma Oli’s six-day visit to India beginning Friday.
At least four memorandums of understanding (MoUs), including two on line of credit and reconstruction aid, are expected to be signed during Prime Minister KP Sharma Oli’s six-day visit to India beginning Friday.
Officials privy to visit preparations said MoUs will be signed on India-announced $1 billion line of credit and another $1 billion assistance for Nepal’s reconstruction effort. These two MoUs will provide framework for utilising the Indian aid.
During his visit to Nepal in August 2014, Indian Prime Minister Narendra Modi had announced $1 billion line of credit to Nepal for various infrastructure projects.
Similarly, India’s External Affairs Minister Sushma Swaraj during the donors’ conference in June had announced another $1 billion loan and aid to Nepal for reconstruction efforts.
Another MoU is expected to be signed between Sanggeetnatak Academy of India and Natya Sangeet Academy of Nepal to exchange various cultural programmes.
Similarly, Radio Nepal and All India Radio will sign another MoU cooperation and exchange of various programmes. Respective governments from both sides have already got these MoUs approved from the respective Cabinets, said sources.
During Oli’s visit, formal announcement of importing 80MW electricity through the recently installed Dhalkebar- Muzaffarpur 400kV transmission line will also be made.
Besides four MoUS, several other MoUs could also be signed, according to sources.
They include inclusion of Nepal in the Saarc Satellite proposed by Modi during the 18th Saarc Summit in Kathmandu. Another MoU betwen Tribhuvan University, Kathmandu, and the Indian Council for Cultural Relations is also likely to be signed during the visit.