The Fourth Annual Bhutan – India talks concludes
The fourth Annual Bhutan- India development cooperation talks were held on 2nd September 2015 in New Delhi. The Indian delegation was led by Ms. Sujata Mehta, Secretary (M&ER) and the Bhutanese delegation was led by Foreign Secretary, Tshering Dorji.
The annual development cooperation talks are the umbrella mechanism for discussing Government of India’s bilateral developmental assistance to Bhutan. India has committed Rs. 2800 crore as Project Tied Assistance (PTA), Rs. 850 crore for Programme Grant and Rs. 850 crore for Small Development Projects (SDPs) for Bhutan’s 11th Five Year Plan (July 2013 to June 2018). A total of 85 PTA projects and 485 SDPs have been broadly agreed for implementation during the current Plan period.
With Bhutan’s 11th Five Year Plan entering its third year, the two sides reviewed the overall progress of PTA projects and agreed to a reprioritized list of projects. The two sides also noted with satisfaction the overall progress of SDPs.
The Bhutanese side thanked the Indian side for the steady and timely disbursement of funds and also highlighted fund release priorities for the next one year.
The two sides agreed to hold the next annual development cooperation talks in 2016 in Thimphu on a mutually agreed date.
The 4th Annual Bhutan- India development cooperation talks were successfully held in a friendly atmosphere in keeping with the close partnership between the two countries.