PM Modi announces Rs 4,500 crore assistance to Bhutan, Rupay cards in Himalayan nation soon

Written by December 28, 2018 17:26

New Delhi: Prime Minister Narendra Modi today met his Bhutanese counterpart Lotay Tshering and reviewed the progress of hydroelectric projects in the Himalayan nation.

“Development of hydrolectric projects is an important part of the long history of India’s aid to Bhutan,” PM Modi said in a joint address to the media with PM Tshering after the meeting.

 

Prime Minister Narendra Modi today met his Bhutanese counterpart Lotay Tshering and reviewed the progress of hydroelectric projects in the Himalayan nation

PM Modi also said that India will contribute Rs 4,500 crore of funding assistance to Bhutan for its development and the two countries will further strengthen their partnership in the hydro power sector.

“India will contribute Rs 4,500 crore for Bhutan’s 12th five-year plan. This contribution will be in line with Bhutan’s requirements and priorities,” he said in a joint press briefing with Bhutanese Prime Minister Lotay Tshering.

Rupay cards in Bhutan soon

Rupay cards are set to be launched in Bhutan soon. PM Modi expressed hope that this will improve people to people contacts.

Prime Minister of Bhutan said India has been supporting Bhutan for development related activities. He said Mr Modi has assured support to the Bhutanese traders who have been affected by the implementation of Goods and Services Tax. Both leaders also discussed the entire spectrum of bilateral relations and explored new opportunities to further strengthen them.

Bhutan PM’s 3-day trip to India

Dr Tshering arrived in New Delhi yesterday on a three-day visit to India. His visit takes place during the Golden Jubilee year of the establishment of formal diplomatic relations between the two countries. He was accorded ceremonial reception at the forecourt of Rashtrapati Bhavan this morning.

Earlier the visiting dignitary also paid homage to Father of the Nation Mahatma Gandhi at Rajghat. Later, External Affairs Minister Sushma Swaraj called on Dr Tshering.

This is the Bhutanese Prime Minister’s first visit abroad after assuming office. He will call on President Ram Nath Kovind and Vice President M Venkaiah Naidu later today.

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