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India to provide $1 billion assistance for Nepal’s reconstruction

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 Kathmandu: India on Thursday announced an aid of $1 billion  for  rebuilding Nepal, External Affairs Minister Sushma Swaraj  announced at  an international donors meet.

The aid will be used in the reconstruction of physical infrastructure  as  well as some key heritage sites.

At the International Conference on Nepal’s Reconstruction, Swaraj  said:  “Nepal is not alone. Today I convey to you the deep and  abiding commitment of the government of India and 1.25 billion people of India to stand shoulder to shoulder with you.”

Referring to the operation India undertook to help Nepal soon after it was hit by a massive 7.9-magnitude earthquake in April, Swaraj said: “Operation Maitri was our largest ever disaster assistance effort abroad valued at nearly Rs.400 billion.”

“From the debris of destruction a stronger united and more confident Nepal will rise,” she said.

Swaraj hailed Nepal’s efforts in making a major bid to rebuild the nation and said raising $6.7 billion was a challenging task.

“As the oldest and closest friend, India is ready to stand with Nepal,” she said. (IANS)

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