India renews financial assistance

The second Annual Bhutan-India Development Cooperation Talks held in New Delhi on Friday concluded with India renewing its commitment to support projects under Bhutan’s ongoing five year plan (2018-23). 

India committed assistance of IRs. 45 billion for implementation of development projects and IRs. 40 billion for transitional Trade Support Facility during the plan period. Currently there are 51 large and intermediate projects and 359 Small Development Projects being financed with Indian assistance. 

The Bhutan delegation to the talk was led by Kinga Singye, Foreign Secretary while Indian delegation was led by T.S. Tirumurti, Secretary (Economic Relations), Ministry of External Affairs of India. Ruchira Kamboj, Indian High Commissioner in Thimphu also attended the talks also joined this bilateral talk.The two sides agreed to hold the next Development Cooperation Talks in 2020 in Thimphu on a mutually agreed date.

Leave a Reply

Your email address will not be published. Required fields are marked *