Though rich in hydropower, crunched in production capacity, Himalayan country Nepal is going to increase its power import from India. While brightening Nepal’s dry winter time power profile, the trade will help India also in remaining as strong contender
India has the potential to more than triple its trade with its South Asian neighbours to $62 billion against its actual trade of $19 billion, said a World Bank report released here on Monday.
Nepal and India on Tuesday held a meeting on a range of bilateral trade related issues including oil and gas co-operation between the two countries. Visiting Minister Commerce, Industries and Supplies Matrika Prasad Yadav
Minister of Foreign Affairs Pradeep Kumar Gyawali today said the report finalised by the Eminent Persons Group on Nepal-India Relations would help ‘reset’ Nepal-India relations in line with the realities of the 21st century.
Nepali and Indian officials agreed on Monday to an early finalization of an MoU for Preliminary Engineering cum Traffic Survey of the Raxaul-Kathmandu rail line. The move came at a time when there is buzz about the Chinese railway crossing the Himalayas to counter the Indian influence in Nepal.
Nepalese Prime Minister KP Sharma Oli’s visit to China last week was not quite the blockbuster it was made out to be, given his ideological leaning towards Beijing. Instead, it reflected the healthy realism that Nepal cannot build ties with China at the expense of India.
An agreement on building oil storage depots at three locations in Nepal with Chinese assistance is expected to be signed during Nepali Prime Minister KP Oli’s visit to China next week, officials at the Ministry of Industry, Commerce and Supplies said.
People of the bordering districts in Bihar also admit the manifold increase in smuggling of petroleum products from Nepal since prices started soaring last week.
The Raxaul-Kathmandu rail link has the potential of having a ‘transformational impact’ on the region. During the just-concluded visit to Nepal, termed “historic” by Prime Minister Narendra Modi himself, he and his host, Nepalese Premier KP Sharma Oli,
Prime Minister Narendra Modi arrived in Nepal Friday for a two-day visit aiming to reset strained relations between India and its small northern neighbour.