The Maoist chief, who became Nepal's premier for the second time on August 4 taking the reign of the country from K P Sharma Oli, said he was taking the four-day visit starting from September 15 as a "challenging opportunity."
"I am confident that the visit (to India) would not only normalise the relations that went through some bitter experience in the recent past, but also build a strong foundation for mutual trust," he told the International Relations and Labour Committee of the Parliament yesterday.
Later at an interaction on Indo-Nepal ties, Prachanda said he would like to urge all to let him "take risk as a leader".
"A leader should have the privilege to take risk," the 61-year-old new prime minister said, adding that he would not sign any controversial deals with India during the visit.
"I urge all the people in the country not to dictate me and let me take risk in favour of our national interest."
They, including top economist Bishwombhar Pyakurel, urged Prachanda to work towards reducing Nepal's more than USD 3.5 billion trade-deficit with India during his meetings in Delhi.
Pyakurel said Nepal should ask India to allow free-access to Nepalese products and address non-tarriff barrier issues.
He also advised the Nepalese premier to seek more foreign direct investment from India, which at number four lags far behind China - Nepal's top foreign direct investment partner.
Bal Bahadur Kesi, a member of the ruling coalition partner Nepali Congress, said Nepal and India should identify the reasons that led to the deterioration in their ties, before taking further confidence-building measures.
He accused the Oli government of creating a rift between people from the hills and the plains. "The country cannot be prosperous without strengthening national unity," he said.
Prachanda has said disagreements with Madhesi people - inhabitants of the southern plains who share strong cultural and family bonds with Indians - over the federal boundaries in the new Constitution would be sorted out by mid-October.
Nepal's ties with India had strained after a months-long border blockade last year by the ethnic minority protesters over the new Constitution, which they claim is discriminatory to their interest. The Oli government accused India of imposing an "unofficial blockade" on the landlocked nation to support the Madhesi demand of more political representation.
He has long been floating the idea of tripartite cooperation between China-Nepal-India and he believes it could fulfil Nepali people's aspirations of change and prosperity.
Another major area of focus for his government would be ensure reconstruction of Nepal following the devastating earthquake in April last year. Earthquake victims have complained that the Rs 200,000 aid announced by the previous government was insufficient to reconstruct their homes.
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