NEW DELHI: Ahead of the SAARC summit next week to be attended by Prime Minister Narendra Modi, the cabinet approved signing of the framework agreement for setting up a regional power grid.
The SAARC Framework Agreement for Energy Cooperation among the SAARC Member States to be signed at 18th SAARC Summit scheduled to be held at Kathmandu Nov 26-27 will enable greater cooperation in the power sector among SAARC countries, the power ministry said in a release.
"The Agreement is expected to improve the power availability in the entire SAARC region. It would facilitate integrated operation of the regional power grid", the statement added.
It will strengthen transport connectivity in SAARC region. Strengthened rail and transport connectivity will not only provide stimulus to the economic development in the region as a whole but also promote social and cultural contact and encourage tourism amongst the member-countries, said another statement.
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