India announces help of Bhutan to the tune of Rs 4500 crore

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India announces help of Bhutan to the tune of Rs 4500 crore

India announces help of Bhutan to the tune of Rs 4500 crore:- Bhutan was also a party in the Daulakh dispute between India and China. In this case, this help is being considered as very important. Modi said in a statement to the media that he has assured the Prime Minister of Bhutan that India will continue to play an important role in the overall development of Bhutan as a trusted friend.

India announces help of Bhutan to the tune of Rs 4500 crore

HIGHLIGHTS

  • India has given this help to Bhutan’s 12th Five-year plan
  • this help is being considered to be important after Dokalm Controversy
  • Modi said India will continue to play a vital role in the development of Bhutan
  • The PM of Bhutan said the purpose of his visit was to deepen the relationships

Prime Minister Narendra Modi on Friday said that he would be given assistance of Rs 4,500 crore to Bhutan. Modi has given this help to his 12th Five Year Plan after extensive negotiations with Bhutan’s own counterpart Route Sharing. Bhutan was also a party in the Daulakh dispute between India and China. In this case, this help is being considered as very important. Modi said in a statement to the media that he has assured the Prime Minister of Bhutan that India will continue to play an important role in the overall development of Bhutan as a trusted friend. The Prime Minister thanked Sherring for Bhutan’s decision to launch the Indian Rupee card. The rupee is card debit and credit card payment network.

The Prime Minister of Bhutan said that the main purpose of his visit is to take India-Bhutan relations to new heights. Also said that Prime Minister Modi also gave assurances to Bhutanese businessmen who were influenced by GST’s implementation in India. “We are very pleased that Prime Minister Modi personally expressed our commitment to us, supported us … The Indian government has fully supported our 12th Five Year Plan. After the implementation of GST in India, our businessmen also affected will be helped.

India announces help of Bhutan to the tune of Rs 4500 crore. In the talks, the two leaders paid attention to further strengthening mutual bilateral relations. There was a talk on hydropower and business sector too. It is believed that security cooperation was discussed in the talks of both the leaders. Bhutan is a strategically important neighbor to India, and military cooperation between the two countries is also good, which was seen during the Opposition blockade. Modi said that for the 12th Five Year Plan Bhutan, India announces help of Bhutan to the tune of Rs 4500 crore. Bhutan’s new five-year plan will begin this year and will last till 2022.

India announces help of Bhutan to the tune of Rs 4500 crore. Modi said that cooperation on hydropower with Bhutan is a major dimension of bilateral relations and the work on the Managed Chu project will be completed soon. Modi said a new dimension in our cooperation is of space science. I am happy that the Ground station being constructed by ISRO in Bhutan is going to be ready soon to take advantage of South Asian Satellite. With the completion of this project, in remote areas of Bhutan, it will also help in activities like weather, telemedicine and disaster relief.

Sherring said that hydroelectricity is the main source of revenue for Bhutan. Sherring became the Prime Minister of the Himalayan nation last month after his party’s victory in the general elections. After assuming office, he arrived here on Thursday on his first foreign trip. Sherring said on this occasion that Prime Minister Modi was the first President of any country who congratulated him on election victory. He also thanked India for supporting the needs related to the development of the country. This was a traditional welcome to Sherring’s Rashtrapati Bhawan one day earlier. External Affairs Minister Sushma Swaraj also met the Prime Minister of Bhutan on Friday morning.

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