India and China announce Rs 300 & 76.2 billion assistance to Nepal

The two giant neighboring countries India and China Thursday pleased to extend support of around Rs 300 billion and Rs.76.2 billion to Nepal's bid for reconstruction, recovery and rebuilding in the aftermath of the April 25 quake.
Indian Minister for External Affairs Sushma Sworaj made the announcement at the inaugural ceremony of the 'International Conference on Nepal's Reconstruction-2015' that kicked off in Kathmandu this morning.
Presenting India-Nepal relations as very close and cordial, she announced a soft loan of Rs 200 billion and a grant of Rs 100 billion to Nepal in tackling the crisis-stricken moment.
Minister Sworaj said, “The 'Mission Maitri' immediately put in place for search, rescue and relief operation to respond quake-triggered disaster at the directive of Indian Prime Minister Narendra Modi made clear the priority of India to Nepal”.
Meanwhile, China announced to extend around Rs 76.2 billion to support Nepal's bid for reconstruction, recovery and rebuilding in the aftermath of the earthquake.

Chinese Minister for Foreign Affairs Wang Yi announced the support package while addressing the inaugural function of the 'International Conference on Nepal's Reconstruction-2015' underway in the capital.

Stating that China has accorded high priority to its longstanding relations with Nepal, he said a financial assistance of Rs 1 billion would be provided to support Nepal's efforts for post-quake reconstruction, recovery and rebuilding.

Likewise, he said an aid of Rs 75.2 billion would be given to Nepal for the implementation of physical infrastructure focused project in five development regions. The support amount will be provided up to 2018 AD, he said.