Bhutan’s Minister for Home and Cultural Affairs, H. E. Ugyen Dorji said that India holding the G20 presidency is a matter of pride for the whole of South Asia, including Bhutan. The minister made the remarks while inaugurating the cultural evening on the eve of the fourth Y-20 consultation meeting in Pune.
HELP TO BHUTAN
- Bhutan under the budgetary plans will receive 2,400. 58 crores out of which 1,632. 24 crores will be a grant and 768. 34 crores will be a part of a loan.
- Bhutan will receive financial assistance from India for a number of development projects in the fields of health, digitisation and other sectors.
- The Committee reviewed the progress of 524 Projects being implemented across 20 Dzongkhags and 4 Thromdes in Bhutan and approved Rs 850 Crore for local governments in areas such as water supply, urban infrastructure, agricultural roads, irrigation channels, bridges, health and education infrastructure.
- India also extended initial grant assistance of 100 Crore towards the Gyalsung Project to help Bhutan’s youth participate in nation-building.
BENEFIT OF INDIAN PRESIDENCY
India while holding the G20 presidency will keep pushing the agendas that matter to the developing countries. Reforming international institutions, health, education, gender, climate and environment are issues that need attention.
Since India’s foreign policy has always highlighted its neighbourhood first policy, it will make the most of the G20 presidency to push forward agendas while keeping the larger interest of the region in mind.
India’s growing startup ecosystem benefits Bhutan as it will provide more opportunities for budding entrepreneurs to learn from experienced business people through the Bhutan-India Startup Summit.
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