Nepal cabinet clears PM KP Sharma Oli’s 5-day India visit
Oli’s India trip was cleared during a meeting of his cabinet on Thursday evening. He will be accompanied by a high-level delegation, including prominent businessmen.india Updated: Feb 12, 2016 22:34 IST
Nepal Prime Minister KP Sharma Oli will undertake a five-day official visit to India from February 19, his first foreign trip since assuming office last October.
Oli’s trip was cleared during a meeting of his cabinet on Thursday evening. He will be accompanied by a high-level delegation, including prominent businessmen.
During his trip, the two sides are expected to sign deals on using the $1 billion India promised Nepal for reconstruction work related to the devastating earthquakes of last year.
Agreements are also expected on two hydropower projects to be built with another $1 billion that Prime Minister Narendra Modi had pledged during his Nepal visit in 2014.
Oli, known for his staunch nationalist image, has said he won’t sign any deal which might hurt Nepal’s sovereignty and integrity.
He and his delegation are also expected to visit Mumbai, where he will address eminent Indian businessmen with the aim of securing investments in the impoverished Himalayan nation.