+
India Issues Second Tranche for Bhutan's Gyalsung Project
ECONOMY & POLICY

India Issues Second Tranche for Bhutan's Gyalsung Project

India has announced the disbursement of the second tranche of funds for Bhutan's Gyalsung Project, further solidifying the strong bilateral ties between the two neighbouring nations. The Gyalsung Project, initiated by Bhutan, aims to strengthen the country's defence capabilities by modernising its armed forces. India's support underscores its commitment to enhancing the security and development of Bhutan, a key ally in the region.

The release of this tranche underscores India's commitment to Bhutan's security and development. The Gyalsung Project, launched in 2017, aims to enhance Bhutan's defence capabilities and modernise its armed forces, including the army and other security forces. India's assistance in this endeavour is part of its longstanding commitment to supporting Bhutan's sovereignty and territorial integrity.

The Gyalsung Project is significant for both countries as it enhances Bhutan's ability to maintain its security and sovereignty, while also strengthening the strategic partnership between India and Bhutan. The assistance provided by India reflects the deep-rooted friendship and cooperation between the two nations.

India and Bhutan share a unique relationship characterised by mutual respect, trust, and cooperation. India has been a steadfast partner in Bhutan's socio-economic development and security. The release of the second tranche of funds for the Gyalsung Project reaffirms India's commitment to supporting Bhutan in achieving its development goals and ensuring its security in a rapidly evolving geopolitical landscape.

India has announced the disbursement of the second tranche of funds for Bhutan's Gyalsung Project, further solidifying the strong bilateral ties between the two neighbouring nations. The Gyalsung Project, initiated by Bhutan, aims to strengthen the country's defence capabilities by modernising its armed forces. India's support underscores its commitment to enhancing the security and development of Bhutan, a key ally in the region. The release of this tranche underscores India's commitment to Bhutan's security and development. The Gyalsung Project, launched in 2017, aims to enhance Bhutan's defence capabilities and modernise its armed forces, including the army and other security forces. India's assistance in this endeavour is part of its longstanding commitment to supporting Bhutan's sovereignty and territorial integrity. The Gyalsung Project is significant for both countries as it enhances Bhutan's ability to maintain its security and sovereignty, while also strengthening the strategic partnership between India and Bhutan. The assistance provided by India reflects the deep-rooted friendship and cooperation between the two nations. India and Bhutan share a unique relationship characterised by mutual respect, trust, and cooperation. India has been a steadfast partner in Bhutan's socio-economic development and security. The release of the second tranche of funds for the Gyalsung Project reaffirms India's commitment to supporting Bhutan in achieving its development goals and ensuring its security in a rapidly evolving geopolitical landscape.

Next Story
Infrastructure Urban

CJ Logistics’ Global CEO visits India to align growth strategy

Jonathan Song, newly appointed CEO of the Global Business Division at South Korea-based CJ Logistics, concluded a strategic three-day visit to India from July 29 to 31, reinforcing the company’s long-term commitment to the market through its subsidiary, CJ Darcl Logistics Ltd. Mr Song held high-level discussions with the CJ Darcl leadership and key customers to understand India’s evolving logistics needs, identify synergy areas, and enhance business alignment. His visit highlighted the strategic significance of India in CJ Logistics’ global network, especially amid the country’s g..

Next Story
Real Estate

Max Towers secures five star rating in safety audit by British Council

Max Estates, a leading NCR-based real estate developer, has achieved a five star rating in its first attempt at the British Safety Council’s ‘Five Star Occupational Health and Safety’ Audit for Max Towers, its premium commercial office project in Noida. The grading reflects the organisation’s commitment to the continual improvement of its occupational health and safety systems. The comprehensive audit covered documentation, interviews with senior management and employees, stakeholder feedback, and rigorous sampling of on-ground activities. It assessed performance against best prac..

Next Story
Real Estate

India’s Tier 2 & 3 Cities: The Next Growth Frontier for Real Estate

Introduction India’s metropolitan cities have long dominated the real estate landscape, shaping both market trends and public discourse, but the narrative is shifting towards India’s tier 2 and 3 cities. Beyond the metro cities, Tier 2 and Tier 3 cities such as Indore, Ahmedabad, Chandigarh, Jaipur, Coimbatore, Lucknow, Bhubaneswar, Kochi, Surat, Guwahati, and many others are emerging as vibrant real estate hubs. This growth is driven by impetus from rapid urbanisation, logistics corridors like the Delhi Mumbai Industrial Corridor, IT/ITeS investment zones, emergence of global capabil..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?