India releases second tranche of ₹500 crore to Bhutan
The Hindu
India releases second tranche of ₹500 crore to Bhutan for GyalSung Project, supporting infrastructure development and youth skilling.
India has released the second tranche of ₹500 crore to Bhutan for the development of infrastructure related to the GyalSung Project.
This comes less than a week after Prime Minister Narendra Modi on March 23 concluded a fruitful two-day state visit to Bhutan during which he assured Thimphu of New Delhi's firm support in its quest for development and agreed to provide ₹10,000 crore to the Himalayan nation over the next five years.
Also read: Unbreakable: On India-Bhutan ties
The second tranche was handed over by India’s Ambassador to Bhutan Sudhakar Dalela to Bhutan’s Minister of Foreign Affairs and External Trade, Lyonpo D N Dhungyel.
The first tranche of ₹500 crore was released on January 28 earlier this year.
“India is privileged to partner with Bhutan on a landmark initiative of His Majesty the King of Bhutan, which puts the youth and skilling at the heart of nation-building endeavours,” a statement from the Indian Embassy in Thimpu said on Tuesday.
Also read: With Bhutan’s Gelephu project in mind, India to double assistance to ₹10,000 crore for next 5 years
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