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India-Nepal Statement on Untapped potential of Inland Waterways ,Agriculture and Expanding Rail Linkages.

The Prime Ministers of India and Nepal recognised the untapped potential of inland waterways to contribute towards overall economic development of the region. Taking cognizance of their geographies and noting the development of inland waterways in both countries, the two Prime Ministers took the landmark decision to develop the inland waterways for the movement of cargo,Noting the critical importance and contribution of agriculture and allied sectors to their respective economies, the Prime Ministers of India and Nepal reaffirmed their resolve to promote cooperation in agricultural science and technology, agricultural production and agro-processing in line with the Memorandum of Understandin.With the objective of expanding connectivity to enhance people-to-people linkages and promote economic growth and development, the Prime Ministers of India and Nepal agreed to construct a new electrified rail line, with India’s financial support, connecting the border city of Raxaul in India to Kathmandu in Nepal. …………….Please Log in or Subscribe to view full details…..

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Helpline 1090