India and Nepal have signed four agreements – Famagusta Gazette

India and Nepal on Saturday signed four agreements in various fields, including solar energy, railways and petroleum products, and launched various new projects during a visit by Nepali Prime Minister Sher Bahadur Deuba.

The 35 km cross-border rail link between Jaynagar in the Indian state of Bihar and Kurtha in Nepal was launched, and the 90 km 132 kV Solu Corridor transmission line built with the Indian line of credit at a cost of 2 billion of Indian rupees (about 26.3 million US dollars) was inaugurated, said a statement issued by the Indian Ministry of External Affairs.

In addition, the Indian RuPay card was also launched in Nepal on this occasion. RuPay is an Indian multinational financial services and payment services system designed and launched by the National Payments Corporation of India.

Nepal joined the International Solar Alliance framework agreement initiated by India, while the two parties exchanged a memorandum of understanding on strengthening technical cooperation in the railway sector and signed two agreements for the supply of petroleum products and the sharing of technical expertise.

The signing of the agreements took place in the presence of the visiting Prime Minister of Nepal and his Indian counterpart Narendra Modi.

The two sides also issued a joint statement on cooperation in the energy sector, including India’s investment in the renewable energy sector in Nepal, especially hydropower. ■