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India’s monopoly to end as Nepal gets trade point in China

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Flag of an Asian territory

Kathmandu:  Stung by the bitter lessons from Madhesi blockade of India trade points that caused acute fuel shortage, Nepal on Monday signed a transit and transportation treaty with China for its third-country commerce — a move that is likely to end New Delhi’s monopoly over the landlocked Himalayan nation’s trade through Haldia port in Kolkata.

The two countries signed the agreement along with nine other treaties in Beijing, a day after Nepal Prime Minister K.P. Sharma Oli began a week-long trip to China. Oli’s maiden visit as the Nepal prime minister comes at the invitation of his Chinese counterpart Li Keqiang.

The visit is significant in the light of Nepal’s efforts to reduce its decades old dependence on India after Madhesi protestors in southern plains, agitated over the the new Constitution, blocked supply trucks coming in from the southern neighbour.

The five-month long blockade caused huge crises as fuel and medicine supplies dried up. Kathmandu blamed New Delhi for supporting the protestors but the allegation has been denied. The blockade halted for months Nepal’s third-country trade, apparently prompting the Nepalese government to look for an alternative to the Haldia port.

The transit agreement with China gives Nepal an option to use the next nearest Tianjin port in China that is 3,000 km from Nepal border. India’s Haldia port is 1,000 km away.

However, there are concerns that Nepal cannot immediately use the Chinese port as infrastructure in the tiny country is poor and the Chinese side is located at a higher altitude.

Other important agreements signed during Oli’s visit on Monday include an accord on the construction of a bridge in Hilsa, far west Nepal, that will connect the republic with Tibet. Hilsa was a traditional trade route to Nepal.

China has also pledged $216-million soft loan to Nepal for construction of a regional airport in the second largest city of Pokhara, some 200 km from Kathmandu.

The two neighbours also signed a Free Trade Agreement (FTA) to boost the bilateral trade. China has also agreed to explore oil and gas resources in Nepal and will provide all technical and economic support for it.

One of the commercial banks in China has also agreed to open its office in Nepal. Similarly, Nepalese banks can also open their branches in China.

China has also agreed to help in installation of solar panels in 32,000 Nepalese households.

Agreements in the fields of science and technology, sister-city relations between various Nepalese and Chinese cities, and establishment of Nepal’s Consular General Office in Chengdu, China, were also signed, said Gopal Khanal, foreign relations expert to Prime Minister Oli.

 

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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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