Prime Minister Narendra Modi and Nepal's PM Pushpa Kamal Dahal 'Prachanda' issue a joint statement. Excerpts of PM Modi's address:

- Today is a significant day in history of our friendship.

- Our friendship is time-tested and unique. We share our burden during difficult times, just as we celebrate each others achievements.

- As immediate neighbours and close friendly nations, peace, stability of Nepal is our shared objective.

- Confident that under your (Prachandas) wise leadership, Nepal will successfully implement the through inclusive dialogue.

- India stands ready and prepared to strengthen development partnership with Nepal.

-Our security interests are inter-linked. We agreed that securing our societies is essential for achieving shared objective of development and growth.

- Continued co-operation between our defence and security agencies is important to guard our open borders.