KATHMANDU, July 19: Finance Minister Dr Prakash Sharan Mahat called on his Indian counterpart, Nirmala Sitaraman, and discussed mutual cooperation and bilateral relations on the sideline of the 3rd finance ministers and central bank governors of G-20 country meeting held in Gujrat on July 17-18.
During the meeting, the two finance ministers stressed on completing the India-assisted projects in Nepal on time by solving the problems surfacing on implementation, according to the finance minister's secretariat.
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Finance Minister Dr Mahat reminded that the understanding made on power export (of 10,000 kw in 10 years) from Nepal to India will help reduce trade loss between the two countries. "Both finance ministers were for a collaborative approach between the two countries for trade and investment facilitation," Finance Minister Mahat's secretariat said, quoting him.
According to Finance Minister Mahat, the Indian Finance Minister had requested for quicker implementation of the integrated electronic payment as per agreement made during Nepali prime minister's visit to India. To this, Minister Mahat responded that efforts were underway to set up a mechanism for the enforcement of the agreement.
Similarly, he informed his Indian counterpart that there was a good option for Indian investment in the IT sector in Nepal. He expressed gratitude to India for inviting Nepal to attend the G-20 meet.
