India introduces Rs. 4500 crore assistance to Bhutan for its 5-years plan - TNBCLive

On Friday, Prime Minister Narendra Modi declares financial assistance of Rs. 4500 crore to Bhutan for its 12th five-years plan after holding wide-ranging talks with Bhutan Prime Minister Lotay Tshering.

In the statement, PM Modi said that the hydro-power cooperation with Bhutan is a key role of bilateral ties and it works on the Mangdechhu project, which will soon be completed.

On Thursday, PM Tshering arrived in New Delhi on his first foreign visit after taking charge as the newly-elected Prime Minister of Bhutan, last month that follows his party’s victory in the General Elections.

PM Modi further assured that the Bhutanese Prime Minister that India will continue to play a significant role in the development of Bhutan.

PM Tshering noted that PM Modi was the first head of state to greet him on his electoral victory. He further thanked India for its outstanding support to Bhutan and its development needs.

The all-new five-years plan of Bhutan will start this year and likely to continue till 2022.

Earlier, the Bhutan Prime Minister was accorded with a ceremonial welcome at the Rashtrapati Bhavan.

Today morning, External Affairs Minister Sushma Swaraj has also called on the Bhutanese Premier.

Ms. Swaraj greets PM Tshering on the assumption of high office of Bhutan’s Prime Minister and two leaders had a “warm exchange of views” on significant aspects of the bilateral relationship, reports Ministry of External Affairs spokesman Raveesh Kumar.

Bhutan Prime Minister Lotay Tshering also laid a wreath at Mahatma Gandhi’s ‘samadhi’ at Rajghat.

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