India announces $1 billion aid for rebuilding Nepal[courtesy:India Today. in]

IndiaToday.in  Kathmandu, June 25, 2015

Nepal earthquake

7.9 magnitude earthquake hit Nepal on April 25. Photo: Reuters

Nepal Prime Minister Sushil Koirala on Thursday sought aid at an international donors conference in Kathmandu to rebuild the country after it was hit by massive 7.9 magnitude earthquake on April 25.

Koirala sought donors’ help to rebuild the country at an estimated cost of $7 billion.

External Affairs Minister Sushma Swaraj who attended the conference announced $1 billion for Nepal’s reconstruction. Chinese Foreign Minister Wang Yi and over 300 delegates from 60 nations were also present in the meeting.

“I am happy to announce India’s support for Nepal’s post-earthquake reconstruction. Need of the hour is to conceptualize a holistic recovery program that balances short-term requirements and long-term needs,” said Sushma Swaraj.

“PM Modi personally led our response for relief and rescue operations. Nepal has good wishes of many friends, India stands ready to help Nepal,” added External Affairs Minister Sushma Swaraj.

The two-day conference is being organised by the Nepal government to raise funds to reconstruct infrastructures.

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