India-Nepal signs 8 pacts to strengthen cooperation

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New Delhi: India and Nepal on Thursday signed eight pacts, including deals on countering drug trafficking.

Prime Ministers of the both the nations – Narendra Modi and Sher Bahadur Deuba held delegation-level talks at the Hyderabad House in the national capital. External affairs minister Sushma Swaraj was also present in the meet.

The MoUs were exchanged by Nepali and Indian delegates in presence of PM Deuba and his Indian counterpart Narendra Modi before joint press meet.

PM Modi said, “India is privileged to be a part of Nepal’s development and economic progress. Both the countries discussed. Prime Minister Deuba and I held talks over the limitless possibilities between the two nations.”

Both the countries also held talks on economic partnership, energy, water resources and connectivity.

MoU signed between Nepal and India:

  • MoU for utilisation of housing grant component to support reconstruction of 50,000 houses
  • MoU on implementation of reconstruction package in the education sector in Nepal
  • MoU on implementation of reconstruction package in the cultural heritage sector in Nepal
  • MoU on implementation of reconstruction package in the health sector in Nepal
  • Agreement on cooperation in the field of standardisation and conformity assessment
  • MoU for implementation arrangement on cost sharing, schedules and safeguard issues for construction of Mechi bridge
  • MoU on drug demand reduction and prevention of illicit trafficking in narcotic drugs, psychotropic substance and precursor chemical and related matters
  • MoU between the Institute of Chartered Accountants of India and the Institute of Chartered Accountants of Nepal

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