In­dia com­mits sup­port for 11th and 12th Plans

Bhutan Times - - Home - Staff Re­porter

The Sixth BhutanIn­dia De­vel­op­ment Co­op­er­a­tion Talks was held last Fri­day in New Delhi, In­dia.

The Bhutanese del­e­ga­tion was led by For­eign Sec­re­tary, Sonam Tshong, and the In­dian del­e­ga­tion was led by Vi­jay Gokhale, Sec­re­tary (Eco­nomic Re­la­tions), Min­istry of Ex­ter­nal Af­fairs, Gov­ern­ment of In­dia (GoI).

With Bhutan’s 11th Five Year Plan (2013 – 2018) en­ter­ing its fi­nal year, the two sides re­viewed

the progress of the projects un­der the com­po­nents of the Project Tied As­sis­tance (PTA) and Small De­vel­op­ment Projects (SDP) of GoI’s as­sis­tance dur­ing this Plan. In­dia had com­mit­ted Rs. 45 bil­lion for the 11th FYP of which Rs.28000 mil­lion was pro­vided as PTA, Rs. 8500 mil­lion for SDPs and Rs.8500 mil­lion as Pro­gramme Grant.

GoI had also pro­vided Rs.5000 mil­lion for the Eco­nomic Stim­u­lus Plan. A to­tal of 83 PTA Projects and 595 SDPs are be­ing im­ple­mented dur­ing the cur­rent Plan on which both sides ex­pressed sat­is­fac­tion with the progress in the im­ple­men­ta­tion of all these projects.

The Bhutanese side ex­pressed ap­pre­ci­a­tion to the Gov­ern­ment of In­dia for its sup­port to Bhutan for the 11th FYP. The Bhutanese side also thanked the In­dian side for the timely and con­sis­tent dis­burse­ment of funds for the on­go­ing projects. The In­dian side as­sured GoI’s con­tin­ued sup­port for all the on­go­ing projects in­clud­ing the re­lease of the re­main­ing com­mit­ted funds be­fore the end of the 11th FYP pe­riod.

The Bhutanese side also shared with the In­dian side on the broad ob­jec­tives and pri­or­i­ties of the 12th FYP (2018- 2023) and sought the con­tin­ued sup­port and as­sis­tance of GoI for the success of the 12th FYP. The In­dian side ex­pressed its com­mit­ment to sup­port Bhutan’s 12th FYP and agreed to hold fur­ther dis­cus­sions for its fi­nal­iza­tion.

The two sides agreed to hold the next De­vel­op­ment Co­op­er­a­tion Talks in Thim­phu at a mu­tu­ally con­ve­nient date.

The Bhutan-In­dia De­vel­op­ment Co­op­er­a­tion Talks is the over­ar­ch­ing mech­a­nism for dis­cussing and re­view­ing In­dia’s bi­lat­eral de­vel­op­ment co­op­er­a­tion as­sis­tance to Bhutan.

The Sixth An­nual Bhutan-In­dia De­vel­op­ment Co­op­er­a­tion Talks were held suc­cess­fully in a friendly at­mos­phere in keep­ing with the age-old ties of friend­ship be­tween the two coun­tries.

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