India transfers US$ 60 million to Bhutan for GyalSung Project

India has transferred an additional US$ 60 million (INR/Nu 5 billion) to Bhutan for infrastructure development under the GyalSung Project, further solidifying their collaborative efforts. Ambassador Sudhakar Dalela presented the funds to Bhutan’s Minister of Foreign Affairs and External Trade, Mr. Lyonpo D.N. Dhungyel. This follows the initial disbursement of US$ 60 million (INR/Nu 5 billion) on January 28, 2024, making it a total of US$ 120 million (INR/Nu 10 billion) provided by India as per the Memorandum of Understanding on concessional financing for the GyalSung Infrastructure Project.

Signed in January 2024, the Memorandum of Understanding delineates the disbursement framework for US$ 180 million (INR/Nu 15 billion) in concessional financing to Bhutan for the development of GyalSung academies’ infrastructure. This financial arrangement supplements India’s existing Plan of Assistance to Bhutan and underscores its dedication to mutual progress. India regards its collaboration with Bhutan in advancing GyalSung as a significant national initiative aimed at empowering Bhutanese youth for nation-building. GyalSung aims to equip youth with the skills and capabilities to effectively contribute to Bhutan’s advancement and fulfill their role as productive citizens serving the nation.