Nepal And India Emphasized The Need Of Early Finalization Of DPR Of The Pancheswar Hydropower Project

Prime Ministers of Nepal and India hold bilateral talks in New Delhi

April 3, 2022, 8:03 a.m.

Sher Bahadur Deuba, Prime Minister of Nepal, and Narendra Modi, Prime Minister of India, held a bilateral delegation-level talksat Hyderabad House in New Delhi today.

According to a press release issued by the Ministry of Foreign Affairs, Prime Minister Modi warmly welcomed Prime Minister Deuba on his fifth visit to India as Prime Minister of Nepal. The two Prime Ministers recalled their meeting in Glasgow, United Kingdom during the COP26.

During the meeting, the two Prime Ministers took a broad overview of Nepal-India relations in all dimensions with a view to further enhancing the close and cordial ties between the two countries. The two Prime Ministers discussed promoting connectivity and infrastructure through building of roads, railways, pipelines, transmission lines and air services. During the meeting, the Prime Minister of Nepal requested the Prime Minister of India for the additional air entry routes from Mahendranagar, Nepalgunj and Janakpur.

The Prime Minister of India responded positively to various proposals on development and economic partnership between Nepal and India.

Similarly, the two Prime Ministers welcomed the recent signing of an MoU on supply of Urea and DAP from India to Nepal on G-to-G arrangement. Prime Minister Deuba requested forthe supply of first consignment of 150,000 metric tons of fertilizers to Nepal before the upcoming monsoon season.

Prime Minister Deuba thanked Prime Minister Modi for India’s support of Covid-19 vaccines, medicines, liquid oxygen and other medical logistics to Nepal. He alsoexpressed Nepal’s gratitude for India’s support to post-earthquake reconstruction. Matters such as trade and transit, culture and tourism, cooperation in agriculture, including the supply of Murrah buffalos for breeding purpose and sugarcane germplasm, and various other bilateral matters of mutual interests and benefits also figured during the meeting.

The two sides also agreed to conclude the revised Transit Treaty, which will facilitate the operationalization of rail, cargo, transhipment, private operators, inland waterways and access to additional ports. The two sides also discussed the construction of ICP and a dry port in Chandani-Dodhara.

On the occasion, a Joint Vision Statement on Power Sector Cooperation was issued. The Statement covers bilateral cooperation in production, transmission and cross-border trading of hydropower.Indian side shared that India would purchase hydropower from Nepal for which clearance process has already started.The two Prime Ministers noted that some landmark projects such as Pancheshwar Hydropower Project have great potentials in accelerating economic and development partnership. Both sides emphasized the need of early finalization of DPR of the Pancheswar Hydropower Project which will lead to execution of the project for mutual benefit.

During the occasion, the two Prime Ministers jointly flagged off the inaugural passenger railway service between Jayanagar and Kurtha, which was constructed under Indian assistance.

They also inaugurated 90-KM long 132 KVDC Solu Corridor Transmission Line Project built under Indian Line of Credit. The Prime Ministers witnessed the progress in construction of 132 health facilities in 10 districts of Nepal and also launched the operation of RuPAY cards in Nepal.

On the occasion, India requested Nepal to propose new proposals to utilize the unspent amount of USD 500 Million under LOC-IV offer to Nepal.

The two Prime Ministers discussed the boundary matters. The Prime Minister of Nepal urged the Prime Minister of India to resolve the boundary matters through the established bilateral mechanisms.

The two Prime Ministers also witnessed the signing and handover of the following documents:

I MOU for Enhancing Technical Cooperation in Railway Sector;

II Agreement for Supply of Petroleum Products between Nepal Oil Corporation and Indian Oil Corporation Ltd.;

III Agreement for Sharing Technical Expertise between Nepal Oil Corporation and Indian Oil Corporation Ltd.; and

IV. Framework Agreement of International Solar Alliance (ISA).

The two Prime Ministers made press statements after the bilateral talks. In their press remarks,both Prime Ministers looked forward to building on the 75 years of Nepal-India friendship and further deepening bilateral relations between the two close neighbours. Prime Minister Deuba emphasizing the age-old, time-tested and multi-dimensional relationswith strong people-to-people contacts said that Nepal attached high importance to its relations with India. Prime Minister Modi highlighted friendship, cordiality and ancient civilizational linkagesbetween Nepal and India.

Earlier this morning, the Rt. Hon Prime Minister laid wreath at the Samadhi of Mahatma Gandhi at Rajghat and signed the visitor’s book expressing his profound reverence to the late Mahatma.

Earlier in the morning,His Excellency Shri Ajit Doval, National Security Advisor of India called on the Rt. Hon. Prime Minister. Matters of bilateral interests were discussed on the occasion.

Later in the afternoon today, the Prime Minister also addressed a gathering of business community in New Delhi organized by Confederation of Indian Industry (CII) and called upon them to invest in Nepal’s productive sectors, particularly in hydropower. A business delegation consisting representatives of private sector apex bodies from Nepal, among others, accompanied the Rt. Hon. Prime Minister.

The Prime Minister is scheduled to visit Vanarasi tomorrow morning and return to Kathmandu in the afternoon.

The Prime Minister of Nepal is on a three-day Official Visit to India from 01 to 03 April 2022. Prime Minister is accompanied by Dr. Arzu Rana Deuba, Spouse of the Prime Minister; Foreign Minister Dr. Narayan Khadka; Minister of Water Resources, Energy and Irrigation Ms. PamphaBhusal; Minister for Health and Population Birodh Khatiwada; Minister for Agriculture and Livestock Development Mahindra Ray Yadav; Chief Secretary; Secretaries; Ambassador of Nepal to India; and other officials of the Government of Nepal.

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