On Friday, Madhav Kumar Nepal, Prime Minister, Nepal, laid the foundation stone for the Korea-Nepal Institute of Technology (KNIT) in Tamnagar, Butwal. KNIT will be financially supported by $5 million from the South Korean government, reported the Korea International Cooperation Agency (KOICA). The aim of the former is to enhance and upgrade the quality of technical education and vocational training in Nepal.
Among those present at the ceremony were Minister for Education Ram Chandra Kishawaha, Minister for Irrigation Bal Krishna Khand, Minister for Forests and Soil Conservation Dipak Bohara, senior Nepali officials, Korean Ambassador Hong Sung-mog and resident representative of KOICA Doh Young-ah. Construction of the institute, provision of the equipment and educational materials, and supporting the capacity building all would be aided by KOICA. The same would be encouraged through invitational training in Korea and the dispatch of experts for institute management, as well as training for teachers. The project construction period is set for 2008 to 2011. KNIT is expected to be in full operation by the beginning of the fourth quarter of 2011.