New Delhi, Aug 4 (ANI): Politicians on Monday hailed the first bilateral visit of Prime Minister Narendra Modi to Nepal, which aimed to scale the ties between the two nations to greater heights. Modi is on a two-day visit to Kathmandu to help speed up negotiations on a power trade pact that is at the centre of his new diplomatic drive. Lauding Modi's Nepal visit, BJP Vice-President Mukhtar Abbas Naqvi said it would have a greater impact on the relations between the two countries. Earlier on Sunday, Modi offered Nepal $1 billion in concessional loans to help build power plants and roads during his address in Nepal assembly, aimed at shoring up support in a region where China is making inroads. Meanwhile, BJD leader Jay Panda said Modi's visit would rule out allegations of big brotherly attitude levelled by neighbouring countries. Shiv Sena Spokesprson Sanjay Raut said Modi's visit to Nepal would prove fruitful for both the nations. Congress leader Manish Tewari said Modi should re-negotiate the 1950 treaty.