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India to contribute Rs 4,500 cr. for Bhutan’s five-year plan
Why is it in news?
- India assured to support Bhutan’s developmental needs by providing Rs 4,500 crore, during 1st visit of newly elected Prime Minister of the Himalayan country Bhutan.
- Prime Minister of Bhutan Lotay Tshering indicated his government’s commitment to maintain warm ties with India.
More in news
- What and How?
- India will provide ₹4,500 crore for Bhutan’s 12th five-year plan.
- This contribution will be processed according to Bhutan’s preferences and necessities.
- Developmental assistance:
- Bhutan remains one of the key recipients of developmental assistance from India.
- According to the Ministry of External Affairs, India provided ₹4,500 crore for the 11th five year plan that lasted between 2013-18.
- Space Cooperation: To share the benefit of the South Asian Satellite, Indian Space Research Organisation (ISRO) is moving ahead with plans to set up a ground station in Bhutan that will help in telemedicine, disaster relief and climate trends.
- Hydropower:
- Hydro electricity is the main source of revenue for Bhutan.
- India-Bhutan has undertaken several hydroelectric projects whose output is traded between the countries.
- Project underway: Mangdechhu hydro power project
Source
The Hindu