'India does not intend to monopolise Nepal's water resources'

Written by Press Trust of India | Kathmandu | Updated: Jul 24 2014, 16:28pm hrs
India today said it does not intend to monopolise Nepal's water resources and is ready to review the proposed draft of hydropower cooperation with it to accommodate any suggestions for mutual benefit.

"This is just a preliminary draft and we are ready to accommodate any suggestion from the Nepalese side before moving forward in hydropower through consensus," Indian Ambassador to Nepal, Ranjit Rae said.

Rae was talking to journalists in Kathmandu in an attempt to clear doubts raised by some section of media here.

Nepal's media had raised question regarding the draft of hydropower cooperation proposed by India to Nepal government alleging that the draft is against Nepal's national interest as it would seek to monopolise Nepal's abundant water resources by the Government of India.

"We don't have any ill intentions to monopolise Nepal's water resources. These are a part of our efforts to enhance bilateral cooperation in hydropower," Rae said addressing a different programme.

The two countries can settle the disputed issues through a dialogue, he further said.

"The proposal is not our final version," Rae said, adding, India is ready to review the draft after discussions with Nepali authority.

"Both countries can get benefits from the proposed agreement on 'Cooperation in Power Sector'," he said.

It is a right time to sign the contract, also because both the countries have stable governments currently, the ambassador said.

Terming Nepal-India relations as "unique", Rae said Indian Prime Minister Narendra Modi's visit to Nepal will soon take place which is expected to further strengthen the bilateral ties.

He also informed that the visit of Indian Minister for External Affairs Sushma Swaraj, begining from Friday, would set the grounds for Modi's visit, likely to take place next month.