Indian Ambassador to Nepal Ranjit Rae laid the foundation stone for construction of Campus Building for Koteshwor Multiple Campus in Kathmandu District at a public function held on June 11, 2016.
According to a press release issued by Indian Embassy, the campus building is being constructed with financial assistance of NRs. 48.84 million by the Government of India and the project is being implemented by the District Development Committee, Kathmandu.
Koteshwor Multiple Campus established in 1990 is a non-profit, non-governmental, service oriented community college situated at Koteshwor, Kathmandu. The current infrastructure is inadequate and the campus is being run from an old school building. The college has enrolled more than 2000 students. The new campus building will provide much needed classroom space and would create an improved environment for learning and thus contribute to the development of education in the area.
The Government of India is committed to provide developmental assistance in Nepal to meet local needs and objectives of the Government of Nepal. Hitherto, 14 other projects have already been completed in Kathmandu District with the Government of India’s assistance of NRs 360 million. Moreover, 9 other projects with total commitment of NRs 387.60 million are at various stages of implementation.
Additionally, 41 ambulances, 03 special Medical Vans and 37 school buses have also been gifted to various organizations serving the people of Kathmandu. Apart from this, the Government of India has also extended total financial assistance of approx. NRs 501.53 million towards renovation, restoration, and upgradation of various sites of religious, educational, cultural and historical importance in Nepal in financial year 2015-2016.
The India-Nepal Economic Cooperation Program has an outlay of over NRs 76 billion with more than 529 large and small development projects completed or being implemented in almost all the districts of Nepal. These development projects, mainly in the sectors of education, health and infrastructure development, have been undertaken in response to local needs and in partnership with the Government of Nepal.