Pushpa Kamal Dahal ‘Prachanda’, Prime Minister of Nepal was on an official visit to India from 31 May to 3 June 2023
- Special: First bilateral visit of Nepal’s PM to India since assuming office in the current term
Major Highlights of Recent Agreement
- Finalized an Agreement for Long-Term Power Trade, targeting power export from Nepal to India to 10,000 MW within 10 years.
- Conducted the groundbreaking of the 400 kV Gorakhpur-Butwal transmission line.
- Appreciated the first trilateral power transaction from Nepal to Bangladesh facilitated by the Government of India.
- Inaugurated Integrated Check Posts (ICPs) in Rupaidiha (India) and Nepalgunj (Nepal), and conducted the groundbreaking ceremony for ICPs in Sunauli(India) and Bhairahawa (Nepal).
- Launched cross-border freight rail operations between Bathnaha(India) and Nepal Customs Yard, and handed over the Kurtha-Bijalpura rail section.
- Laid the foundation stone for Phase-II (extension to Chitwan in Nepal) of the Motihari (India)- Amlekhgunj (Nepal) petroleum Pipeline and signed an MoU for petroleum supply infrastructure. Also, a second cross-border petroleum pipeline from Siliguri in India to Jhapa in eastern Nepal.
- India and Nepal share a close friendship with an open border and deep people-to-people connections.
- The 1950 India-Nepal Treaty of Peace and Friendship forms the basis of their special relations
- Nepal shares an 1850 km border with five Indian states.
- India is Nepal’s largest trading partner, and Indian companies are significant investors accounting for more than 30% of the total approved foreign direct investments.
- In 2022-23, India exported goods worth USD 8 billion to Nepal while its imports were at USD 840 million.