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
Products

unWOOD transforms plastic waste into durable wood alternative

unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood—without the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. “Any application that introduces plastics into areas where it cannot be..

Next Story
Real Estate

Häfele launches Matrix undermount runners range

Häfele has introduced its new Matrix range of undermount runners, designed to enhance drawer motion across kitchens, wardrobes, bathroom units, and more.Available in four weight capacities and a wide range of lengths, the Matrix undermount runners support diverse drawer designs. The 40 kg and 60 kg variants feature synchronised technology for superior motion and drawer stability. All runners come with an integrated soft-close mechanism to ensure smooth and noiseless operation.This in-house range is ideal for kitchen cabinets, bed storage units, living room furniture and bathroom drawers, offe..

Next Story
Real Estate

India's first AI-integrated campus announced in Noida

Yashoda Hospital and Bhutani Infra have announced plans to develop India’s first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel—all operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?