India announced an aid of 5000 crore rupees to Bhutan

Sep 1, 2013 10:10 IST

India on 31 August 2013 announced an aid of 5000 crore rupees to Bhutan. The aid includes economic stimulus package of 500 crore rupees. The decision to provide an aid to Bhutan was taken by the Manmohan Singh, Prime Minister of India after his talk with his Bhutanese counterpart Tshering Tobgay at New Delhi.

The Butanese Prime Minister is on six day visit to India and during this visit issues related to political security, developmental assistance and matters of mutual concern was also discussed between the two nations to strengthen bilateral relations.  

During the meet, the India also ensured the Bhutanese Prime Minister about its commitment to install an additional 10000 Mega Watt of power generating capacity in Bhutan. At present three Indian projects are under process in Bhutan.

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