India pledges $75 million to help Nepal restore its infrastructure after the earthquake

NewsIndia pledges $75 million to help Nepal restore its infrastructure after the...

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In addition, the two foreign ministers officially opened further reconstruction initiatives in Nepal that were announced in the wake of the 2015 and 2023 earthquakes. This comprised cultural heritage initiatives, thirty-two health projects, and twenty-five schools. External Affairs Minister S Jaishankar announced on Friday that India would donate a 1,000 crore, or $75 million, financial assistance package to Nepal to reconstruct infrastructure that was devastated in the November 2017 earthquake that struck western Nepal.

Along with his Nepalese counterpart NP Saud, Jaishankar gave information about the help package for reconstruction in Jajarkot’s earthquake-affected areas. They also jointly inaugurated Tribhuvan University’s new central library.  During a meeting on Thursday, he claimed to have informed Nepalese Prime Minister Pushpa Kamal Dahal that India would be extending the financial support package. According to Jaishankar, we would keep supporting Nepalese people and helping the country’s leadership in this endeavor. In addition, the two foreign ministers officially opened further reconstruction initiatives in Nepal that were started in the wake of the 2015 and 2023 earthquakes. This comprised cultural heritage initiatives, thirty-two health projects, and twenty-five schools.

Housing, education, health, and cultural heritage rehabilitation were Nepal’s top priorities following the earthquake, and India provides $1 billion to support these endeavors. Included in the sum is a $250 million grant and a $750 million credit line. As of November 2021, all 71 rebuilding projects in the education sector that were undertaken with grant support had also been finished, according to Jaishankar. The projects were part of an India-backed scheme to build 50,000 dwellings. Within 48 hours of the November earthquake in western Nepal, India started delivering emergency help, shocked by the number of victims and the degree of deconstruction wrought. According to him, relief has been sent in five installments thus far, including the delivery of prefabricated homes on Thursday and necessities.

The growing partnership between the two countries is based on physical, digital, and energy connectivity. According to Jaishankar, more children will be empowered by Indian support for Nepal’s education system, which includes scholarship and capacity-building initiatives. He told them, “I promise you that we are dedicated to continuing to support you and work with the same sincerity to further realize the relationship’s potential for the full benefit of the people of the two countries.”

The values of sbka sath, sbka viaks, sbka vishwas, and sbka pryas will help bring the neighbors along in India’s development journey, he continued. The Indian side is likewise committed to redefining connections with partners in the neighborhood, especially Nepal. Saud praised India’s significant financial assistance for Nepal’s post-quake rehabilitation efforts, particularly for the construction of homes and medical and educational infrastructure. The long-standing ties between our two nations in terms of culture, history, and humanity have been strengthened by India’s overall effect in areas like transportation infrastructure, hydropower, health science, and energy connectivity in the form of a petroleum pipeline.

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