KATHMANDU: India and Nepal on Monday concluded a Memorandum of Understanding (MoU) for long-term supply of Urea and DAP fertilizers from India to Nepal under a government to government (G2G) arrangement.
The MoU was signed by the Indian Ministry of Chemicals and Fertilizers Secretary Rajesh Kumar Chaturvedi and Nepal’s Ministry of Agriculture and Livestock Development Secretary Dr. Govinda Prasad Sharma.
Indian Ministry of Chemicals and Fertilizers Secretary Rajesh Kumar Chaturvedi.A virtual ceremony to sign and exchange the MoU was held today in presence of Minister for Agriculture and Livestock Development Mahindra Ray Yadav, Ambassador of India to Nepal Vinay Mohan Kwatra, officials of the respective Ministries and Embassies of both India and Nepal.
In his remarks, Indian Secretary 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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