New Delhi, Sept 16 : Nepal's Prime Minister Prachanda today said that India was ready for review of Indo-Nepal 1950 Peace and Friendship Treaty.
Talking to reporters here, Prachanda said, a joint taskforce will soon be formed by the two countries to study the review of the treaty so that it becomes consistent with present times and is in the interest of both countries.
He said that such understanding was reached during his talks with Prime Minister Dr. Manmohan Singh.
Prachanda also said that the two governments have also discussed extending east-west railway in Terai districts of Nepal.
He urged Dr. Singh for additional investment in hydropower and in other areas in Nepal.
Prachanda is accompanied by a 44-member delegation on his five-day maiden visit to India after becoming the Prime Minister.
Prachanda's visit will end on September 18.