He made the remarks after delegation-level talks with his Nepali counterpart K.P. Sharma Oli.
BIMSTEC comprises seven countries lying in the littoral and adjacent areas of the Bay of Bengal - Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand. "I am confident that the relation between Nepal and India will continue to deepen and widen in the coming days", remarked Gyawali.
"There is an atmosphere of hope and optimism in Nepal", Modi said, adding that India would always become partner to Nepal's progress.
Modi expressed his desire to travel to Lumbini, the birthplace of Lord Buddha in his future visit. "India stands shoulder-to-shoulder with the people of Nepal", Modi had said.
"We are looking into cross-border electricity and cross-border connectivity not only with Nepal but other neighbouring countries as well", he said.
He said both sides agreed to be committed towards the stated projects.
The Prime Minister said the agricultural ministers of the two sides will soon meet and start work on a road map for agriculture research, agricultural education and agriculture development.
Search for remains of missing girls continues as families hold out hope
When Ream was convicted of Cindy Zarzycki's murder , he was already serving a 15-year sentence for molesting a 14-year-old girl. They also say he failed a recent polygraph test related to the crimes. "I want to bring my sister home and lay her to rest".
Kellyanne Conway on NY attorney general's resignation: 'Gotcha'
New candid photos of former New York Attorney General Eric Schneiderman leaving his apartment are incredibly disturbing. So Cuomo went ahead and appointed the special prosecutor to supersede all other investigations into the allegations.
Rory McIlroy puts his driver away for The Players Championship at Sawgrass
The Stadium Course is regarded as a fine test of golfers, demanding all round accuracy. For more sports coverage, visit the ABS-CBN Sports website .
The much-awaited 900-megawatt hydropower project was inaugurated during a joint press conference organised at Battisputali-based Dwarika's Hotel here.
"An auspicious start to Day 2 in Nepal!" The Nepal Army cannon offered a 21-gun salute in the honour of the Indian Prime Minister.
This is the third visit of PM Modi to Nepal, and the first high-level visit from India since the formation of the new government in Nepal this year.
On Friday, Modi had said that all misunderstandings with Nepal are over and the bilateral ties are heading to a new high as New Delhi announced Rs 100-crore aid to develop Janakpur city.
He also greeted and interacted with people waiting at the temple premises.