KATHMANDU: The Embassy of India in Kathmandu and the National Reconstruction Authority (NRA) of Nepal organized a two-day training program from 27-28 August on the Export Import (EXIM) Bank of India’s Line of Credit guidelines and procedures.
A total of 27 Government of Nepal officials participated in the training program, a statement issued by the Embassy of India said.
The training, which was conducted by three senior experts from the EXIM Bank of India, was a part of a bilateral understanding reached between Government of Nepal and Government of India during the 7th Line of Credit (LOC) Review Meeting held in June 2019 in India.
While the first day covered general introduction to the EXIM Bank of India’s Line of Credit (LOC) modality including project identification, prequalification and tendering process, evaluation of tender documents, empanelment process, project implementation and monitoring, the second day included session by officials of the Nepal government on import, export and domestic tax for Indian contractors involved in LoC projects in Nepal.
The statement said that the two sides agreed to collaborate on future capacity building efforts of the Government of Nepal officials who would be working on the Government of India’s Line of Credit supported projects.
A total of 28 Indian contractors attended this training session.
Comment