GYALSUNG INFRASTRUCTURE PROJECT – INTERNATIONAL
News:
India releases second
tranche of INR/Nu 5 billion to Bhutan for GyalSung Infrastructure Project
What's
in the news?
●
India has recently issued a second
instalment of Rs 500 crore transfer to Bhutan, which is quite close to the
Prime Minister Narendra Modi’s visit to the country a few days back, where a
set of productive meetings have taken place, most with positive outcome.
Key
takeaways:
●
On his bicontinental state trip Prime
Minister Modi promised both solidarity and assistance in the nation’s
development projects in the long run and he presented a big sum of Rs 6.5
billion for immediate use.
●
India is the major development partner
that feels committed to honouring its undertaking toward a second instalment of
financial assistance of the GyalSung
Project for a summation amount of five billion Indian Rupees / Ngultrum.
Financial
Support of India:
●
India has provided a grant of Rs 2Billion
to Bhutan for the Gyalsung Infra Project.
●
The first tranche of the grant of Rs
1Billion was presented recently by the Indian Ambassador to Bhutan.
●
The grant is in addition to India's
commitment to provide planning assistance of Rs.50Billion to Bhutan.
GyalSung
Infrastructure Project:
●
The project aims to empower the youth of Bhutan and build a strong foundation for the
country's future.