India, Nepal ink 10 MoUs worth 625 million NRs for development projects
Indian embassy has said that the India and Nepal have signed 10 Memorandums of Understanding (MoUs) for high-impact community development projects (HICDPs) in the Himalayan nation to be funded by Indian assistance amounting to 625 million Nepalese Rupee (NRs). It added that the signed agreements were focused towards the development of education, health, and culture sectors.
The embassy also emphasized the importance of implementation of these projects in providing better educational, healthcare and cultural facilities to the people of Nepal. The projects undertaken include the construction of three schools, one monastery, one e-library at a school, and two health post buildings.
With this, India has taken up over 573 HICDPs in Nepal since 2003, of which 495 projects have been completed. The embassy highlighted that these projects reflect the Indian government's ‘continued support’ in bolstering the efforts of the government of Nepal in the ‘growth and development’ of its people by augmenting infrastructure in priority sectors.
