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Vizag port pitched as an alternative for foreign trade

Vizag port pitched as an alternative for foreign trade

Considering the Visakhapatnam port's modern facilities and its appropriateness, stakeholders of both India and Nepal have underlined the need to open the port as an alternative port for India's foreign trade, said Sushil Mulchandani, chief operating officer of Visakha Container Terminal Private Limited. He was addressing Nepal-India Business Conclave, 'Visakhapatnam Port: Additional Gateway for NepalÂ’s Export Import Traffic.' in Kathmandu on August 11. Visakha Container Terminal is the operator

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Nepal stays GMR project

Nepal stays GMR project

Nepal's Supreme Court recently stayed the negotiations on the power development agreement (PDA) between the government and GMR Energy for the 900 MW Upper Karnali Hydropower Project.

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EXIM bank okays loan for 3 Nepal hydel projects

EXIM bank okays loan for 3 Nepal hydel projects

Export-Import Bank of India (EXIM Bank of India) has approved a soft loan support to Nepal for the development of three hydro projects. The loan worth is $155 million. The Bank approved projects are: Rahughat Hydropower Project, Koshi Corridor Transmission Line Project and Solu Corridor Transmission Line Project. Nepal's Ministry of Finance (MoF) received a formal letter from the bank on June 3.

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