India, Nepal ink agreement for long-term supply of fertilizers
The Memorandum of Understanding is expected to help address the recurring fertilizer shortages in Nepal
India and Nepal on Monday signed a Memorandum of Understanding (MoU) on the supply of Urea and Di-ammonium Phosphate (DAP) from India to Nepal under Government to Government Arrangement.
The MoU was signed by Rajesh Kumar Chaturvedi, Secretary (Chemical and Fertilizers), Government of India, on the Indian side and Govinda Prasad Sharma, Secretary (Agriculture and Livestock Development) on the Nepali side, said a statement of the Indian Embassy in Nepal.
A virtual ceremony to sign and exchange the MoU was held in the presence of Minister for Agriculture and Livestock Development, Government of Nepal Mahindra Ray Yadav and Ambassador of India to Nepal Vinay Mohan Kwatra, officials of the respective Ministries and Embassies of both India and Nepal, the statement said.
In his remarks, 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, it mentioned.
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, the embassy statement added.