Oli further said that he wished for a prosperous Nepal and that he needed for support across the world, particularly from its neighbours.
Prime Minister Narendra Modi and his Nepalese counterpart K P Sharma Oli on Saturday sought to put behind them the acrimony witnessed in ties between their two nations in 2015-16 by announcing game-changing joint initiatives in key areas like rail connectivity, agriculture, waterways and security.
In a landmark decision, India will assist Nepal in developing inland waterway on its rivers that will connect with Indian waterways and provide Nepal additional access to sea. Areas for development include hydro-power generation plants, railways linking the 2 countries. He also assured them that their investments would be protected.
Stating Nepal "wants to have trust-based relationship" with India, Oli said the goal of his visit was to explore ways to enhance cooperation to newer heights. He expressed the desire of the Government of Nepal to develop bilateral relations in a way so as to benefit from India's progress and prosperity for economic transformation and development.
Oli, widely perceived as a pro-China leader, emphasised that relations between India and Nepal should be based on the principles of equality, justice and mutual respect.
External affairs ministry officials highlighted the fact that Oli had chosen to make India his first destination after taking over as Prime Minister and said the importance attached to the visit by Nepal was evident from the delegation accompanying the Premier.
In an effort to resolve bilateral issues and strengthen ties between the countries, the two prime ministers held talks on various bilateral issues at length.
Modi, however, also underlined the issue of inclusion while developing Nepal, keeping in mind the demands of the Madhesis. We need support and cooperation of our friends.
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Prime Minister Oli thanked Prime Minister Modi for the invitation and warm hospitality extended to him and his delegation.
Modi then said that India and Nepal will work together to stop misuse of the open border the two neighbours share.
The connectivity proposals are significant and come almost two years after China in March 2016 agreed to construct a strategic railway link with Nepal through Tibet to reduce the Kathmandu's total dependence on India.
The differing choice of words displayed the sense of disquiet in the relationship between the two countries, which has been strained in the last couple of years. This was decided in September past year during the visit of Nepalese Deputy Prime Minister and Foreign Minister Krishna Bahadur Mahara to Beijing.
Nepal is to host the summit of BIMSTEC countries-a bloc that groups together select countries from South and Southeast Asia, something India is keen to promote given that India-Pakistan tensions over cross border terrorism has seen another region grouping in South Asia-SAARC-flounder.
On whether Oli brought up the demonetisation drive during his discussions, since Nepal has about Rs 950 crore of the old Indian notes in its coffers, Gokhale said the matter did not come up.
On demonetisation, he said the issue did not come up for discussion between the two leaders.