Nepal, India sign MoUs under SAARC cooperation

Nepal and India signed four Memoranda of Understanding (MOU) aimed at fostering cooperation under the South Asian Association of Regional Cooperation (SAARC) framework here on Monday.

The MOUs were signed by Foreign Secretary of Nepal, Gyan Chandra Acharya and Indian Ambassador to Nepal, Rakesh Sood.

The MOUs relate to projects in the areas of Telemedicine, Shuttle Breeding in Pulses, Rural Solar Energy Electrification and Tele-Education.

The projects, the setting up of which would be financed by Government of India, will be implemented in mutually agreed upon locations and institutions in Nepal.

The four MOUs involve projects with a total expenditure of around Rs. 90 million, Nepalnews reported.