Nepal to get $15 billion assistance from China
Equipment

Nepal to get $15 billion assistance from China

After visiting, Narayan Khadka, Foreign Minister, held wide-ranging talks with his Chinese counterpart, Wang Yi, to further cement bilateral ties, following which China has pledged $15 billion in grant assistance to Nepal to invest in various projects this year in the landlocked Himalayan nation. The two Foreign Ministers reviewed the overall state of Nepal-China relations and agreed to expand cooperation in areas such as trade, connectivity, investment, health, tourism, poverty alleviation, agriculture, disaster management, education, culture, and people-to-people exchanges. Both sides expressed satisfaction with the progress made in a variety of bilateral cooperation areas since Wang's official visit to Nepal earlier this year. Wang, who is also a State Councillor, announced that China will give Nepal a $15 billion (800 million RMB) grant to invest in projects chosen by Nepal for 2022.

Also read:
Nepal picks NHPC to develop 2 major hydropower projects
Nepal exports over 3,000 sacks of cement to India for first time

After visiting, Narayan Khadka, Foreign Minister, held wide-ranging talks with his Chinese counterpart, Wang Yi, to further cement bilateral ties, following which China has pledged $15 billion in grant assistance to Nepal to invest in various projects this year in the landlocked Himalayan nation. The two Foreign Ministers reviewed the overall state of Nepal-China relations and agreed to expand cooperation in areas such as trade, connectivity, investment, health, tourism, poverty alleviation, agriculture, disaster management, education, culture, and people-to-people exchanges. Both sides expressed satisfaction with the progress made in a variety of bilateral cooperation areas since Wang's official visit to Nepal earlier this year. Wang, who is also a State Councillor, announced that China will give Nepal a $15 billion (800 million RMB) grant to invest in projects chosen by Nepal for 2022. Also read: Nepal picks NHPC to develop 2 major hydropower projects Nepal exports over 3,000 sacks of cement to India for first time

Next Story
Infrastructure Urban

VECV to Manufacture Volvo Group’s Advanced AMTs in India

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, announced an investment of Rs 5.44 billion to produce and assemble Volvo Group’s 12-speed Automated Manual Transmission (AMT). The greenfield facility will be set up at Vikram Udyogpuri Integrated Industrial Township near Ujjain, Madhya Pradesh, and will cater to India and select Asia-Oceania markets.This investment marks a new milestone in the 18-year VECV-Volvo collaboration, which has already made VECV a global hub for Volvo Group’s 5 & 8 Litre (MDEP) engines since 2013, reinforcing the Make in Ind..

Next Story
Products

Action TESA Drives Shift from Plywood to Engineered Wood Solutions

Action TESA, a leading player in India’s panel industry, is spearheading the market transition from traditional plywood to engineered wood solutions such as Moist Master, HDHMR, and Boilo. These high-performance boards are redefining modular furniture, kitchen, and decorative applications with superior durability, design flexibility, and finish quality.Engineered wood offerings from Action TESA provide consistent quality, dimensional stability, and smooth surfaces, unlike plywood, which can have knots or gaps. The Moist Master, HDHMR, and Boilo BWP FR boards ensure excellent machinability, m..

Next Story
Infrastructure Urban

CREDAI-MCHI Donates Rs 30.65 Mn for Maharashtra Flood Relief

CREDAI-MCHI, the apex body of real estate developers in the Mumbai Metropolitan Region, has extended Rs 30.65 million to the Chief Minister’s Relief Fund to support rescue and rehabilitation efforts in flood-affected areas of central Maharashtra and neighbouring regions.The contribution was presented to Chief Minister Devendra Fadnavis by Sukhraj Nahar, President, and Rushi Mehta, Secretary, CREDAI-MCHI, in the presence of several leading developers from the Mumbai Metropolitan Region.A total of 44 member developers participated in this collective effort, underlining the real estate industry..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?