Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The government has reached an understanding with India to procure chemical fertilizers through the G2G process.
A team comprising the representatives of the Ministry of Agriculture and Livestock Development has returned from New Delhi following a preliminary agreement in this regard with India.
At a secretary-level meeting between the two countries in Delhi, India agreed to sell fertilizers to Nepal through the G2G process for the next five years. Agriculture Secretary of Nepal, Dr Krishna Prasad Acharya, said that the Indian government has approved Nepal’s proposal to purchase chemical fertilizer from India. According to him, the two countries have agreed to sign a memorandum of understanding in October.
After the signing of the MoU, India will initially sell 150,000 metric tons of chemical fertilizer to Nepal. He informed New Business Age that an agreement has been reached to increase the amount by 10 percent every year.
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