Nepal-India Oversight Mechanism Reaffirms Commitment to Timely Project Implementation

12 April 2017

The Governments of India and Nepal held the Third Meeting of the Nepal-India Oversight Mechanism on 12 April 2017 in Kathmandu, Nepal, to review progress made in economic and development cooperation projects between Nepal and India, in follow up to the second meeting held on 30 January 2017. Mr. Manjeev Singh Puri, Ambassador of India to Nepal, and Mr. Shanker Das Bairagi, Foreign Secretary, Nepal, co-chaired the Third Meeting.

The meeting discussed cross-border rail projects, integrated check posts, cross-border transmission lines, Arun III and Upper Karnali hydropower projects, Pancheshwar Multipurpose Project, postal roads, line-of-credit projects, and reconstruction projects, highlighting importance of early project completion. Delegates of India and Nepal committed to provide the required facilities and address challenges during implementation.

Mr. Manjeev Singh Puri, Ambassador of India to Nepal, and Mr. Shanker Das Bairagi, Foreign Secretary, Nepal, co-chaired the Meeting.

The Fourth Meeting of the Oversight Mechanism will be held in Kathmandu in mid-June 2017.

The Nepal-India Oversight Mechanism was established during Nepal Prime Minister Pushpa Kamal Dahal's state visit to India in September 2016, to ensure that all ongoing bilateral economic and development projects are implemented within the set time frame.


Related Links:

ADB Blog: 6 Ways Asian Economic Cooperation is Changing the Region

Economic transformations have accelerated regional cooperation and integration in Asia. In this ADB blog post, Mr. Cuong Minh...
Read More >>

India Drafts Cross-border Energy Trade Framework

India's Ministry of Power is preparing a set of guidelines for cross-border trade of electricity, with draft regulations...
Read More >>

India, Bangladesh to Gradually Remove NTBs

The International Business Forum of Bangladesh (IBFB) held its 12th Annual Conference on 24 May 2017. The opening...
Read More >>

ADB Awards SASEC Rail Project among Best Performing Projects in Bangladesh

The South Asia Subregional Economic Cooperation (SASEC) Railway Connectivity Akhaura-Laksam Double Track Project, implemented by Bangladesh...
Read More >>

Former FBCCI President: Bangladesh-India Relations Better Now

Mr. Abdul Matlub Ahmad, Chairman, Nitol-Niloy Group, Bangladesh, and former President, Federation of Bangladesh Chambers of Commerce and...
Read More >>

SAARC Collaboration Urged to Attract Foreign Direct Investment

The South Asian Association for Regional Cooperation (SAARC) Chamber of Commerce and Industry (CCI) and the...
Read More >>

Need to Improve Bangladesh-India Port Services

Mr. Taskeen Ahmed, President of the India-Bangladesh Chamber of Commerce and Industry (IBCCI) and his delegation...
Read More >>