As Modi wound up his two-day ‘historic’ visit during which he sought to allay Nepal's apprehensions, India announced its decision to expeditiously assist in building of some key roads, cooperate in power sector and increase the number of scholarships from 180 to 250.
    
Modi, the first Indian Prime Minister to visit Nepal in 17 years, stressed the importance of the ongoing peace process and Constitution-writing to the Nepalese leadership with a promise to help them with a "pace and manner at which they are comfortable".
    
Briefing media persons on the visit, External Affairs Ministry spokesman Syed Akbaruddin said during his meetings with leaders of various political parties, Modi was told that his speech at the Constituent Assembly last evening had "touched hearts and minds" of the people of Nepal.     

The Nepalese leaders termed the visit as "historic" and said they had never heard anyone from India speak as Modi did.
    
Quoting the leader of Communist Party of Nepal (Maoist) Prachanda, who had led a decade-long armed movement before joining the mainstream about seven years back, Akbaruddin said, "You have won the hearts and minds of people of Nepal".
    
Another leader told Modi that his visit was "historic" which will take the relationship to a "new era".
    
With regard to the demands from Nepal for review of the 1950 India Nepal Friendship Treaty which governs the ties, Modi told the Nepalese leadership that his "doors are open".
    
The Prime Minister told the Nepalese leadership that "he is willing to review any aspect of the 1950 Treaty which Nepal feels requires a review. It is best to clarify once and for all this aspect," Akbaruddin said.
     
"And we now await any suggestion that Nepal may like to give," he added.

"The Prime Minister said it is best for friends like India and Nepal to discuss every issue. And if there are concerns or issues on any specific manner, India is open to discuss and consider it," the MEA spokesman said on the 1950 Treaty.
    
A Joint Statement issued later said, "The two Prime Ministers (Narendra Modi and Sushil Koirala) agreed to review, adjust and update the Treaty of Peace and Friendship of 1950 and other bilateral agreements."
    
The two Prime Ministers also welcomed the decision of the Joint Commission to direct the Foreign Secretaries of the two countries to meet and discuss specific proposal to revise the Treaty of Peace and Friendship of 1950, which the Government of Nepal agreed to provide at the earliest, the statement said.
    
"Both sides agreed that the revised treaty should better reflect the current realities and aim to further consolidate and expand the multifaceted and deep rooted relationships in a forward looking manner," it said.
    
The focus of the visit of Modi, who has expressed keenness to open a "new chapter" in Indo-Nepal ties, was on 4Cs- cooperation, connectivity, culture, constitution, Akbaruddin said.
    
On cooperation, the spokesman said, India had yesterday announced USD 1 billion line of credit (LoC) to Nepal. He mentioned that the prime minister himself has said the USD 1 billion is in addition to any other existing LoC.
    
The Pancheshwar Development Authority will be set up and a Detailed Project Report (DPR) will be finalized within a year.
    
The two sides also agreed to conclude a Power Trade Agreement (PTA) - a framework pact for the commerce and power sector within 45 days.
    
On Monday, India and Nepal also signed an MoU regarding the amendment of Terms of Reference (ToR) of the Pancheshwar Multipurpose Project on the Mahakali river.
    
Under the agreement, the two countries have agreed to move forward works relating to Pancheshwar Development Authority by declaring Pancheshwar authority regulation.
    
The project falls under the integrated treaty on Mahakali River, bordering both Nepal and India, which was signed in 1996. It could not be developed earlier as the two countries could not decide on the terms of reference.
    
The two Prime Ministers directed the concerned authorities to conclude negotiations within 45 days on the Project Development Agreement (PDA) between the Investment Board of Nepal and GMR Group of India for the development of Upper Karnali hydropower project, he said.

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