Hydropower can help Nepal reduce trade deficit with India

The cooperation between India and Nepal in the hydropower sector would help the Himalayan nation, blessed with enormous hydel potential, reduce the huge trade deficit with India, a top Indian diplomat said on Monday. Charge d’Affaires of Embassy of India, Nepal Ajay Kumar while addressing a programme organised by Nepal India Friendship Society in Kathmandu to mark the 71st Republic Day of India said the relations between the two nations were established by “our forefathers, so we need to work together to strength and continuously nurture” them.

India has been providing assistance to Nepal since the time of its independence in whatever way it can and it is ready today to help Nepal in realising the dream of a prosperous Nepal, Kumar said. Nepal and India are working together in the area of hydropower, which is important for economic point of view as the surplus electricity of Nepal could be exported to India which would be instrumental in reducing Nepal’s huge trade deficit with India, he pointed out.