PM Narendra Modi, during his second visit to Bhutan, held wide ranging talks with Bhutanese PM to further expand the bilateral partnership. The two countries also signed 10 MoUs to infuse new energy in their ties.
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PM Modi inaugurated the Mangdechhu hydroelectric power plant. Most of the electricity generated by it will meet the energy requirements of Bhutan and the surplus electricity will be exported to India.
He also launched the RuPay Card in Bhutan by making a purchase at Simtokha Dzong, built in 1629 by Shabdrung Namgyal, which functions as a monastic and administrative centre and is one of the oldest dzongs in Bhutan.
India announced that an additional $100 million will be available to Bhutan under the SAARC currency swap framework to meet the foreign exchange requirement.
The two countries also signed 10 MoUs in the fields of space research, aviation, IT, power and education.
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