Kathmandu: Nepal and India have signed a Memorandum of Understanding (MoU) for supply of Urea and DAP fertilizers from India to Nepal under a G2G arrangement.
The MoU was signed by Rajesh Kumar Chaturvedi, Indian Secretary for Chemical and Fertilizers and Dr Govinda Prasad Sharma, Secretary at the Agriculture and Livestock Development.
The virtual ceremony to sign and exchange the MoU was held on Monday in presence of Minister for Agriculture and Livestock Development Mahindra Ray Yadav, Indian Ambassador to Nepal Vinay Mohan Kwatra, officials of the respective ministries, and embassies of both India and Nepal.
The signing of this MoU is expected to help address the recurring fertilizer shortages in Nepal and enable improve agricultural productivity for the direct benefit of Nepali farmers, the Indian Embassy in Kathmandu said in a press statement.
The MoU is yet another milestone in the bilateral economic cooperation and also an important reflection of the priority attached by India to its partnership with Nepal, reads the statement.
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