India and Nepal today signed two pacts to enhance connectivity between the two countries. <br/><br/>A new air services agreement was signed between the External Affairs Minister and his Nepalese counterpart after delegation level talks between the Prime Minister, Dr Manmohan Singh and the visiting Nepalese President Ram Baran Yadav at Hyderabad House. <br/><br/>It provides for growth of air services between the two countries stregthening people to people contact. Another important MoU on development of railway infrastructure on five border points along the Nepal border signed will futher boost the bilateral connectivity.<br/><br/>Dr Yadav was accorded a ceremonial reception at the forecourt of Rashtrapati Bhawan this morning. He sought increased bilateral co-operation with India. <br/><br/>AIR correspondent reports that two more MoUs were signed for development of Nepal Bharat Maitri Polytechnic and establishment of Nepal Bharat Maitri Sabha in the Himalayan nation. Leaders of the two countries held talks for over an hour.<br/><br/>Enhancing trade and partnership and streatgic cooperation apart from shairing of waters is believed to have figured prominently in the discussions.Realising the full potential of economic cooperation remained at the centre of talks. <br/><br/>The total trade volume between the two countries was 2 lakh 52 thousand crores in 2008 with Projects worth two thousand crore rupees from India in progress in Nepal. About 60 percent of Neplease trade is with India and New Delhi is the biggest investor in that country with its share at 44 percent.The present visit is bound to take the ralations between the two countries to a high level.
News On AIR | February 16, 2010 6:28 PM
India-Nepal ink pacts for greater interconnectivity