Modi Announces $1 Bn Concessional Line Of Credit to Nepal

"It came to my mind that let's hit Nepal. Many of you would take offence to my use of this term but when I talk of hitting Nepal, I have three main points in mind -- H:Highways, I:I-ways and T:Transways," Modi said.

 He said India will help Nepal in constructing highways for better connectivity. It will provide assistance to the country for developing information highways so that "Nepal should not be left behind among the nations of the world. Nepal too has to catch up with the digital age and it has to be connected to the world at large".

He said Nepal has abundant potential for developing its hydropower sector and for this purpose India is committed to establish transmission lines for the export and import of electricity.

"I want to double the amount of electricity India is providing Nepal today so we have to lay the transmission lines as soon as possible," the Prime Minister said, adding India wants to buy electricity from Nepal.

"This is my notion of hitting Nepal and you too would agree that it soon becomes a hit," he said. Striking an optimistic note, Modi said "for now we will remove darkness here and a decade later Nepal will come to our help. This is our bonding".

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