Kathmandu, July 15 : Thanking Prime Minster Narendra Modi for his congratulatory message, Nepal PM K P Sharma Oli on Monday vowed to elevate the "historic ties" between two neighbouring countries to new heights.

"Thank you, Prime Minister Narendra Modi, for your warm congratulations. I am committed to working closely with you to strengthen Nepal-India relations for our mutual benefit. Together, we can elevate our historic ties to new heights," Oli said in a post on X.

Earlier in the day, Nepal President Ram Chandra Poudel administered the oath of office to 72-year-old Chairman of Communist Party of Nepal (Unified Marxist Leninist, CPN-UML) as the country's Prime Minister for the fourth time.

Prime Minister Modi today congratulated Oli on his appointment and expressed hope to work closely to further strengthen the deep bonds of friendship and expand the mutually beneficial cooperation between India and Nepal.

"Congratulations K P Sharma Oli on your appointment as the Prime Minister of Nepal. Look forward to working closely to further strengthen the deep bonds of friendship between our two countries and to further expand our mutually beneficial cooperation for the progress and prosperity of our peoples," said PM Modi.

Oli, who replaces Pushpa Kamal Dahal, will head the four-party coalition government.

/IANS