India’s PM Narendra Modi’s Nepal visit concludes

August 4, 2014

The two-day Nepal visit of India’s Prime Minister Narendra Modi concluded on August 4, 2014.
Highlights of Mr. Modi’s Nepal visit:

Mr. Modi is the first Indian PM to Nepal in 17 years. He was welcomed by the guard of honour.
He addressed the Nepalese Parliament.
Aim was to forge a new relationship with Nepal and to begin a new chapter in bilateral ties that will serve as a model and catalyst for regional collaboration.
Mr. Modi gave a ‘HIT’ formula for Nepal expressing India’s willingness to help Nepal build Highways (H), Information highways (I) and Transways- transmission lines (T).
He promised to grant Nepal 10,000 crore Nepali rupee concessional line of credit, for its development.
He announced India’s keenness to double power supply to Nepal.
India would help Nepal in building pipelines to help transport oil to Nepal.
The scholarships to students from Nepal would be increased.
India extended help to Nepal to enable it to emerge as a major exporter of herbal medicines.
India would also help develop the tourism potential of Nepal, both as a spiritual, and adventure tourism destination.
Mr. Modi extended assistance to Nepal in the fields of organic farming, and soil health.

Key agendas of PM’s Nepal visit:
The aim was to forge a new relationship with Nepal and to begin a new chapter in bilateral ties that will serve as a model and catalyst for regional collaboration.
The main agenda of the visit was to give impetus to negotiations on a power trade between the two nations.
Negotiators were trying to resolve the differences over the power agreement aimed at tapping Nepal’s estimated 42,000 MW hydro-electric potential to meet domestic demands and also supply India’s power-deficient economy.
Currently, Nepal has an installed capacity of 600 MW as its development has been hindered by years of political turbulence. Nepal is still grappling with the transition to a constitutional republic after the abolition of the monarchy in 2008.
Nepal’s ties with India are also significant to tackle the emergence of China as the strongest power in South Asia.

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