Modi pledges ₹10k crore support for Bhutan in next 5 years

During his visit to Bhutan, Prime Minister Narendra Modi declared that India will provide financial assistance of Rs. 10,000 crore to Bhutan over the next five years. The announcement came as both nations signed six agreements to enhance cooperation in various sectors.

Financial aid and bilateral agreements

Addressing a ceremony in Bhutan, Prime Minister Modi revealed India's commitment to supporting Bhutan's development goals. He emphasized strengthening bilateral ties and pledged assistance towards Bhutan's 13th five-year plan.

India and Bhutan inked agreements encompassing energy, digital connectivity, and space cooperation. These agreements aim to facilitate trade, enhance energy efficiency, and promote collaboration in various domains.

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Recognition and friendship

During the visit, Prime Minister Modi was honored with Bhutan's highest civilian award, the Order of Druk Gyalpo, by King Jigme Khesar Namgyel Wangchuck. Modi expressed gratitude for the honor, highlighting the enduring friendship and cooperation between India and Bhutan.

Modi reiterated India's unwavering support for Bhutan's development aspirations and emphasized collaborative efforts in connectivity, infrastructure, trade, and energy sectors. Both leaders reaffirmed the strong bond shared by the two nations.

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Gelephu Mindfulness City Project and border concerns

Discussions also touched upon the Gelephu Mindfulness City project, aimed at establishing a regional economic hub and a carbon-neutral city. Additionally, talks addressed concerns regarding Bhutan's border dispute with China, emphasizing the significance of regional stability and cooperation.

Overall, Modi's visit underscored India's commitment to bolstering its strategic partnership with Bhutan and supporting its socio-economic progress. The agreements signed reflect mutual efforts to foster closer ties and address shared challenges.