Tuesday , September 25 2018
Home / Commerce and Economy / Business and Corporate / Japan hands over rice to Nepal

Japan hands over rice to Nepal

By Our Reporter
Japanese ambassador Masamichi Saigo handed over rice provided under Japan’s Food Aid (KR) to Nepal in Japanese Fiscal Year 2016 to the Government of Nepal at a function held at the Nepal Food Corporation.
Chandra Kumar Ghimire, Secretary, Ministry of Industry, Commerce & Supplies; Yogendra Gauchan, General Manager, Nepal Food Corporation, and other senior government officials were present at the event.
Japan has extended a grant assistance of Rs. 321 million to Nepal to procure rice in Japan’s Fiscal Year 2016. A total 5,174 metric tons (MT) of rice was procured under Food Aid 2016.
Speaking at the handover ceremony, ambassador Saigo said, he believed the rice handed over to Nepal would help Nepal to manage food deficit and that the proceeds from the sales of rice deposited in a counterpart fund would be used to support economic and social development in Nepal.
The ambassador added that he believed that such support would also contribute towards strengthening the existing friendly relationship between Japan and Nepal.

Check Also

Machhapuchre Bank to start financial literacy programme

By Our Reporter Machhapuchre Bank Ltd, with the support of the UK Aid, is going …

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.