Thimphu: Prime Minister Narendra Modi on Tuesday inaugurated the 1,020 MW Punatsangchhu-II Hydroelectric Project constructed under a bilateral agreement between India and Bhutan, marking a major milestone in the energy partnership between the two countries. The two sides also reached an understanding on the resumption of work on the main dam structure of the 1200 MW Punatsangchhu-I Hydroelectric Project.

India has extended a Rs 4,000 crore Line of Credit (LoC) to Bhutan to spur economic development in the Himalayan country.

In another key development to strengthen bilateral cultural ties PM Modi announced the granting of land in Varanasi for building a Bhutanese Temple and Guest House in the holy city.

Besides, the two sides have decided to establish an Immigration Check Post in Hatisar

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