Nepal and India signed a Memorandum of Understanding (MoU) for a long term supply of Urea and DAP fertilizers from India to Nepal under a G2G arrangement.
Shri Rajesh Kumar Chaturvedi, Secretary (Chemical and Fertilizers), Government of India from the Indian side and Govinda Prasad Sharma, Secretary (Agriculture and Livestock Development) from the Nepali side signed the MoU.
The virtual meeting to sign and exchange the MoU on Monday in the presence of Shri Mahindra Ray Yadav, Minister for Agriculture and Livestock Development, Government of Nepal and Shri Vinay Mohan Kwatra, Ambassador of India to Nepal, officials of the respective Ministries and Embassies of both India and Nepal.
During the meeting Shri Rajesh Kumar Chaturvedi highlighted the close and multi-faceted nature of India-Nepal ties and hoped that the MoU will further boost bilateral cooperation in the agriculture sector by supporting Nepal’s economy and food security.
The signing of this MoU is expected to help address the recurring fertilizer shortages in Nepal and enable improved agricultural productivity for the direct benefit of Nepali farmers.
The MoU is yet another milestone in the bilateral economic cooperation and also an important reflection of the priority attached by India to its partnership with Nepal.
