Thimphu, Nov. 11 -- India and Bhutan strengthened their development partnership and spiritual connect with Prime Minister Narendra Modi and Bhutan King Jigme Khesar Namgyel Wangchuck jointly inaugurating the 1020 MW Punatsangchhu-II Hydroelectric Project and also offering prayers to the Holy Relics of Lord Buddha at the Tashichhodzong monastery today.
Following talks between the two leaders in Thimphu, India also announced a Rs 4,000 crore Line of Credit (LoC) to Bhutan. Both sides also reached understanding on the resumption of work on the main dam structure of 1200 MW Punatsangchhu-I Hydroelectric Project, a run-of-the-river joint India-Bhutan initiative.
India has also granted land in Varanasi to Bhutan for building a Bhutanese Temple/...