Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: 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.
Nepal and India today concluded a Memorandum of Understanding (MoU) for long term supply of Urea and DAP fertilizers from India to Nepal under a G2G arrangement.
The MoU was signed by Govinda Prasad Sharma, Secretary (Agriculture and Livestock Development) on the Nepali side and Rajesh Kumar Chaturvedi, Secretary (Chemical and Fertilizers), Government of India, on the Indian side.
A virtual ceremony to sign and exchange the MoU was held on 28 February 2022 in presence of Shri Mahindra Ray Yadav, Minister for Agriculture and Livestock Development and Vinay Mohan Kwatra, Ambassador of India to Nepal, officials of the respective Ministries and Embassies of both India and Nepal.
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 improve 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.
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