Kathmandu, July 27 (IANS) A parliamentary panel in Nepal Sunday asked the government to sign as soon as possible a “Power Trade Agreement” (PTA) with India under which New Delhi has proposed 100 percent Indian investment or joint ventures with Indian entities in the Himalayan country’s power sector. Both sides held marathon negotiations during the weekend visit here of India’s External Affairs Minister Sushma Swaraj to firm up a deal. “Large-scale investment is inevitable in the energy sector but investment will become uncertain in the absence of a power trade agreement. As a result, a PTA is necessary with India,” read a statement on the committee’s decision.
Source: https://in.news.yahoo.com/nepal-parliament-panel-okays-energy-deal-india-115004189.html