"BIPPA shows our sincerity to economic development. This has been signed keeping in mind a long-term focus of 10 to 15 yrs," Pun told Republica after his meeting with Finance Minister of India, Pranab Mukherjee on Saturday morning.[break]
"There are certain doubts that we might not be able to guarantee security to investors, but BIPPA shows our commitment," Pun said, adding, "There are risks involved but we will move ahead."
On Double Taxation Agreement, Pun said that Mukherjee has assured that all technical issues will be discussed and that he will come to Kathmandu at the earliest date possible.
He also said that the new DTA will replace the 1987 one. The cabinets of both countries are set to pass it soon. Pun said that India did not response initially before the state visit, but things will now move ahead in a smooth manner.
The two only spoke about the economic package on various projects like railways and integrated check-posts.
Pun said that India is positive towards assistance in other projects included in the PM´s wish list. "India has agreed in principal to give the assistance. Mukherjee has asked us to make a priority list for this."
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