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Modi announces Rs 45-bn assistance to Bhutan after talks with PM Tshering

Modi said hydropower cooperation with Bhutan is a key aspect of bilateral ties and that work on the Mangdechhu project will soon be completed

Press Trust of India 

rime Minister Narendra Modi  shakes hands with his Bhutanese counterpart Lotay Tshering before their meeting at Hyderabad House, in New Delhi
rime Minister Narendra Modi shakes hands with his Bhutanese counterpart Lotay Tshering before their meeting at Hyderabad House, in New Delhi. Photo: PTI

Prime Minister Narendra Modi Friday announced a Rs 45 billion financial assistance to for its 12th five-year plan after holding wide-ranging talks with his Bhutanese counterpart Lotay

In his media statement, Modi said hydropower cooperation with is a key aspect of bilateral ties and that work on the will soon be completed.

arrived here on Thursday on his first foreign visit after taking charge as PM of the Himalayan nation last month following his party's victory in the general elections.

Modi said he has assured the Bhutanese prime minister that India, as a trusted friend, will continue to play an important role in Bhutan's development.

India will contribute Rs 45 billion in Bhutan's 12th five-year plan, Modi said.

on his part noted that Prime Minister Modi was the first head of state to to congratulate him on his electoral victory. He also thanked India for its continued support to his country's developmental needs.

The new five-year plan of began this year and will continue till 2022.

Earlier in the day, Tshering was accorded a ceremonial welcome at the Rashtrapati Bhavan.

External Affairs Minister Sushma Swaraj also called on the Bhutanese premier this morning.

Swaraj congratulated Tshering on the assumption of the high office of Bhutan's prime minister and the two leaders had a "warm exchange of views" on important aspects of the bilateral relationship, Ministry of External Affairs Spokesperson Raveesh Kumar said.

Tshering also laid a wreath at Mahatma Gandhi's 'samadhi' at Rajghat

First Published: Fri, December 28 2018. 14:05 IST
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