This was Prime Minister Dr. Lotay Tshering’s first overseas visit after assuming the office in November 2018.
This was also the Golden Jubilee year of the establishment of formal diplomatic relations between India and Bhutan.
Mr Modi and Dr. Tshering reiterated their commitment to jointly develop 10,000 MWs of hydropower generating capacity in Bhutan and in this regard discussed the Sankosh Hydropower Project.
Prime Minister Modi had announced a 4,500 crore rupees financial assistance to Bhutan for its 12th five-year plan.
India will give a transitional Trade Support Facility of 400 crore rupees to Bhutan over a period of five years to strengthen bilateral trade and economic linkages.