In­ter­na­tional In­vest­ments

Southasia - - 15 -

Bhutan is show­ing en­hanced in­ter­est in forg­ing co­op­er­a­tion with the In­dian state of Haryana in agri­cul­ture, live­stock, and tech­nol­ogy. This will be the first time that an In­dian state will fund projects in Bhutan. Prospects of such a re­la­tion­ship were re­vealed in a meet­ing led by Bhutanese Sec­re­tary of Eco­nomic Af­fairs, Dasho Sonam Tsh­er­ing.

The min­is­ter showed strong re­solve to build friendly ties with Haryana as the In­dian state has il­lus­trated tremen­dous progress in var­i­ous fields. Bhutanese of­fi­cials are hope­ful to learn from Haryana and cre­ate av­enues for trans­fer­ring tech­nol­ogy. Fur­ther­more, forg­ing a part­ner­ship with Haryana will pro­vide Bhutanese busi­ness­men op­por­tu­ni­ties to in­vest in the In­dian state.

Of­fi­cials from Haryana vis­ited Bhutan in 2010 to iden­tify the key ar- eas of co­op­er­a­tion. The first at­tempt at build­ing ties be­tween Bhutan and Haryana ma­te­ri­al­ized when the In­dian state ap­proached Bhutan to pro­vide hy­delpower in its bid to re­solve the power cri­sis. In­dia wishes to in­vest in hy­del-power plants, which are cheaper than coal-based power plants. Ac­cord­ing to sources, Haryana plans to pur­chase 2,000 MW power from Bhutan, which will en­sure un­in­ter­rupted power sup­ply of nearly 20 hours to ru­ral con­sumers in the In­dian state.

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