Will Nepal be able to act as bridge between China, India?
China DailyThe picture shows China-assisted Ring Road upgrading project in Nepal. We don’t try to compare the relationship we have with our two neighbors…We want to benefit from their economic growth and development…We are conveying to China and India that a prosperous and stable Nepal is also in their interest.” Statistics too suggest that Nepal’s new foreign policy approach is mutually beneficially for all three stakeholders. The projects connecting Kathmandu to both countries will not only bring more tourism revenue to Nepal, but will also turn it into a vibrant economic bridge between India and China. At a corporate level, Nepal's Chaudhary Group recently signed a deal worth about $100 million with China's Huawei Technologies to bring 4G phone services to the country. Similarly, New Delhi’s foreign aid allocation for Kathmandu in the 2019-20 budget stands at 10.5 billion Indian rupees, up nearly 62 percent over the 6.5 billion Indian rupees earmarked in 2018-19.