India pledges Rs 81.9 million for two projects in Nepal

India on Thursday pledged financial assistance of Rs 81.9 million for construction of a college building and a cold storage in Nepal.

By PTI | May 13, 2010, 07.46 PM IST

KATHMANDU: India on Thursday pledged financial assistance of Rs 81.9 million for construction of a college building and a cold storage in Nepal.

Two separate MoUs were signed in this regard between the Indian embassy and Nepalese authorities here, said a statement from the mission.

Under the Indian assistance, Nepali Rs 3.74 crore will be spent on the construction of 'Himalaya Campus' for a college at Khandwari in Sankhuwasabha district in eastern Nepal, which would include a triple-storey building, boundary wall and provision for furniture.

The college is currently providing bachelor level education to over 1,200 students, about half of whom are girls.

Separately, Nepali Rs 4.45 crore will be spent on the construction of a cold storage building with a boundary wall and provision of machinery and equipment in Bhadrapur Municipality in Jhapa district, also in eastern Nepal.

In the absence of a proper cold storage facility, farmers of Jhapa district have to sell their products at low prices soon after harvesting, while they have to pay higher prices for seeds and for their own consumption during off-season.

The proposed cold storage with capacity of 1500 MT will enable the farmers and small entrepreneurs to store their produce for a long time and ensure a better price for them, which would uplift their economic status, the Indian embassy statement said.

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