India, Nepal to sign MoUs on railway, bulk cargo

• Ahead of the regional summit of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), Nepal has prepared MoUs over the construction of the railway and bulk cargo with India.

• A bilateral meeting has been scheduled for Prime Ministers of both the countries on August 31, in the two-day summit.

• BIMSTEC, the regional group of seven countries which lies near the Bay of Bengal, includes Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.

• Nepal, the current chair and the host nation of the 4th series of the Summit, will concentrate on the issues of energy, trade, the Buddhist circuit, tourism promotion and reduction of the impact of climate change.

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