Nepal hails India's initiatives to boost ties with neighbours

Days ahead of Prime Minister Narendra Modi's visit here, Nepal today hailed the new Indian government's "sincere initiatives" to bring fresh momentum in ties with its neighbours and said it will result in economic growth and prosperity to all the SAARC nations.
Outlining the broad contours of areas where India and Nepal can step up engagement, Nepal's Foreign Minister Mahendra Bahadur Pandey said his government and people have "high expectations" from the Modi-led government which has taken "very good" initiatives to reinvigorate bilateral ties.
"The initiatives by the Indian government have encouraged the members of the SAARC. So, in the days to come not only the relationship between Nepal and India will improve but it will certainly lead the region to the prosperity," Pandey told PTI in an interview.

The remarks by Pandey came a day after he co-chaired with External Affairs Minister Sushma Swaraj a "successful" meeting of the Joint Commission which decided to expand ties to new areas and agreed to "review" and adjust" the Treaty of Peace and Friendship of 1950 which has been the bedrock of ties between the two countries.
Prime Minister Narendra Modi will visit Nepal from August 3 -- the first visit by an Indian premier in over 17 years. The late Prime Minister I K Gujral had visited Nepal in 1997.
Asked about concerns of certain quarters in India about growing Chinese influence in Nepal, Pandey said it was not influenced by any country and termed both the neighbours as "good friends".

"We are neither influenced by China nor by India...Both of them are our good friends and our relations with them was based on principle of equality. So there is no question of their influence," he said.

Expressing happiness over outcome of the Joint Commission meeting that took place after a gap of 23 years, Pandey identified defence, security, trade and production of hydropower as areas for deeper engagement between the two countries.
The Nepalese Foreign Minister indicated that there may be announcements soon on some of the major projects in Nepal involving India to harness its hydro-power potential.
There is vast potential for cooperation between India and Nepal in the field of water resources. Nepal has 83,000 MWs hydropower generation capacity.