During his visit to Bhutan, Prime Minister Narendra Modi announced a significant financial and cultural gesture to strengthen the bilateral relationship between India and Bhutan. India will extend a ₹4,000 crore line of credit to Bhutan, aimed at supporting the Himalayan nation’s economic growth and development initiatives. This financial assistance will help Bhutan expand its infrastructure, renewable energy, and hydropower projects — sectors that have long been central to India-Bhutan cooperation.
Key Highlights
- India offers ₹4,000 crore credit to Bhutan to boost economic, energy, and infrastructure development projects.
- Modi grants land in Varanasi for a Bhutanese temple, strengthening cultural and spiritual ties between nations.
In addition to the credit line, Prime Minister Modi also granted a parcel of land in Varanasi for the construction of a Bhutanese temple and guest house, symbolizing the deep cultural and spiritual ties between the two countries. This move not only highlights India’s commitment to fostering people-to-people connections but also strengthens the historical Buddhist bond shared by both nations.
During the visit, several Memoranda of Understanding (MoUs) were signed to enhance collaboration in areas such as renewable energy, healthcare, education, and mental health. The two sides also discussed expanding trade and investment opportunities and deepening cooperation in technology and connectivity.
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The visit marks a renewed phase of India-Bhutan relations, reflecting India’s continued commitment to supporting Bhutan’s sustainable development and regional integration. Analysts view these initiatives as a strategic effort to reinforce India’s partnership with Bhutan while promoting peace, prosperity, and shared growth in South Asia.
