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India pledges Rs 81.9 mn for two projects in Nepal

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



Kathmandu: India today 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.

PTI

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