Indian Embassy in Kathmandu and National Reconstruction Authority (NRA) jointly organised a training programme from yesterday on the Export Import (EXIM) Bank of India’s Line of Credit (LoC) guidelines and procedures.
The two-day training programme – that concluded today – was organised as part of a bilateral understanding reached between the two governments during the seventh Line of Credit (LoC) Review Meeting held in June 2019 in India, according to a press note issued by the embassy today.
The first day of the training programme – yesterday – covered a general introduction to the EXIM Bank of India’s Line of Credit (LoC) modality including project identification, prequalification and tendering process, and evaluation of tender documents, empanelment process, project implementation, and monitoring, the embassy press note reads, adding that the second day – today – of the training included a session by officials of the government on import-export and domestic tax for Indian contractors involved in LoC projects in Nepal. “A total of 28 Indian contractors attended the training session.”
According to the embassy, the two sides also agreed to collaborate on future capacity building efforts of the Nepali officials, who will work on the government of India’s LoC supported projects.
A total of 27 Nepali officials participated in the training programme. Three senior experts from the EXIM Bank of India conducted the training programme, the press note reads further.
The two-day training programme – that concluded today – was organised as part of a bilateral understanding reached between the two governments during the seventh Line of Credit (LoC) Review Meeting held in June 2019 in India, according to a press note issued by the embassy today.
The first day of the training programme – yesterday – covered a general introduction to the EXIM Bank of India’s Line of Credit (LoC) modality including project identification, prequalification and tendering process, and evaluation of tender documents, empanelment process, project implementation, and monitoring, the embassy press note reads, adding that the second day – today – of the training included a session by officials of the government on import-export and domestic tax for Indian contractors involved in LoC projects in Nepal. “A total of 28 Indian contractors attended the training session.”
According to the embassy, the two sides also agreed to collaborate on future capacity building efforts of the Nepali officials, who will work on the government of India’s LoC supported projects.
A total of 27 Nepali officials participated in the training programme. Three senior experts from the EXIM Bank of India conducted the training programme, the press note reads further.
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