The newly elected government in Bhutan provides huge opportunities for India to strengthen its bilateral relations with it. Elaborate (200 Words)
Refer - The Indian Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 5 years
KEY POINTS
Opportunities for India
· Hydropower projects in Bhutan are an example of win-win cooperation, providing a reliable source of inexpensive and clean electricity to India, generating export revenue for Bhutan and cementing our economic integration.
· A fair tariff for the 720 MW bilateral Mangdechhu project; seeking India’s support for Bhutan’s 12th Five Year Plan (FYP); starting the 2,560 MW Sankosh Reservoir project and waiving off the Central GST for Bhutan. These are critical for Bhutan’s economic future and commercial plans and all of them have to do with India.
· Increase in cooperation on Border District Coordination Meeting Mechanism between the bordering States and the Royal Government of Bhutan to facilitate coordination on border management.
· Flood management between India and Bhutan to discuss/ assess the probable causes and effects of the recurring floods and erosion in the southern foothills of Bhutan and adjoining plains in India.
· A big boost to India-Bhutan Trade and Transit Agreement 1972 which was last renewed recently The Agreement established a free-trade regime between the two countries. As per the provisions of the bilateral trade agreement, trade between two countries is to be transacted in Bhutanese Ngultrums and INR.
Effective implementation of these measures will pave the way for strengthening India’s neighbourhood first policy.
Nandadeep 5 years
Kindly review.thanks
IAS Parliament 5 years
Sahitya 5 years
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IAS Parliament 5 years
