PM MODI ANNOUNCES ASSISTANCE OF RS 4500 CRORES TO BHUTAN

After holding wide-ranging discussions with his Bhutanese counterpart Lotay Tshering, on Friday, Prime Minister Narendra Modi announced financial assistance of Rs 4500 crores to Bhutan, for its 12th five-year plan. 

Releasing the media statement, Prime Minister Narendra Modi told that Mangdechhu project will soon be finished since hydropower cooperation with Bhutan is a main aspect of bilateral ties Prime minister Tshering arrived on Thursday in New Delhi, on his first foreign visit, a month after he took charge as the prime minister of Bhutan, following the victory of his party in the general elections.

Prime Minister Narendra Modi also told that Bhutan’s prime minister was assured that India will continue to play an important role in the development of Bhutan.

On his part, PM Tshering noted that prime minister Narendra Modi was the first head of the state to congratulate him on his victory in the general elections. PM Tshering also expressed his gratitude to India for its continued support to the development needs of Bhutan.

The new five-year plan of Bhutan that was started this year is going to continue till 2022.

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