India, Bhutan review progress of India-supported projects, ink Rs 4,000 crore line of credit
Deeping bilateral ties, India and Bhutan have reviewed the progress and implementation of India-supported projects across diverse sectors in Bhutan. Further, they inked pact for a concessional line of credit of Rs 4,000 crore (Nu 40 billion) to support development initiatives in Bhutan. The agreement was exchanged between the Export-Import Bank of India and Bhutan's Ministry of Finance.
Besides, two sides exchanged a memorandum of understanding (MoU) for cooperation in health education and research between the All India Institute of Medical Sciences (AIIMS) and Bhutan's Khesar Gyalpo University of Medical Sciences. As part of India's support for Bhutan's green mobility initiatives, 45 electric vehicles were handed over to the Royal Government of Bhutan.
India is Bhutan's largest development partner and has been extending financial and technical assistance for infrastructure, connectivity, education, health and capacity-building projects over the decades. The country has committed support for Bhutan's 13th Five-Year Plan as part of its longstanding development partnership with the neighbouring Himalayan kingdom.
