KATHMANDU, Dec 1: Nepal and India held a Projects Portfolio Performance Review meeting in Kathmandu on Thursday.
The Indian side was led by Ambassador Naveen Srivastava, while the Nepali side was led by Finance Minister Dr Prakash Sharan Mahat in the meeting held at the Ministry of Finance in Kathmandu. Representatives of concerned ministries, departments and agencies of Nepal involved in implementation of projects, as well as concerned officers and officials of the Embassy of India participated in the meeting.
Portfolio Management
The discussions were held on ongoing projects in various sectors under the India – Nepal development cooperation framework both under Grant assistance as well as under various Lines of Credit. The meeting also deliberated on potential sectors of collaboration between India and Nepal in the future.
Ambassador Srivastava during the meeting highlighted India’s robust development cooperation with Nepal and reiterated Indian government’s commitment and support towards working with Government of Nepal in the future towards development cooperation with Nepal as per the priorities set by the Government of Nepal.
Finance Minister Dr Mahat appreciated the Indian government’s development support and highlighted its significance to advance Nepal’s developmental efforts. He expressed India’s commitment to further enhance this cooperation in other potential sectors as well.
India is the largest and most prominent development partner of Nepal. India-Nepal development partnership which began in 1951 has continued and expanded over the last seven decades. The projects under Development partnership have been diverse in size and sector with geographical spread throughout Nepal.
