India Issues Second Tranche for Bhutan's Gyalsung Project

29 Mar 2024 CW Team

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.

Infrastructure Urban

07 Jul 2026

IHC and Adani to Invest US$11.5 bn in Odisha Aluminium Project

Abu Dhabi's International Holding Company (IHC) will invest US$11.5 bn in an integrated aluminium project in the eastern Indian state of Odisha in a joint venture with the Adani Group, a state official said. The official said the announcement represented the country's largest foreign investment in mining and metallurgy. Officials said the venture would span both mining and metallurgical activities across several facilities in the state. The project has been described as integrated, encompassing upstream bauxite extraction and downstream smelting and metallurgy, and is intended to develop a com..

Air India and SIAEC to Explore MRO Joint Venture in India

Air India and SIA Engineering Company (SIAEC) have signed a memorandum of understanding (MoU) to explore the formation of a maintenance, repair and overhaul joint venture in India. The MoU, signed on Friday, will examine collaboration to develop India as a global aviation MRO hub and to serve growing needs across the Indian and regional markets. SIA Engineering Company, part of the Singapore Airlines Group which holds a 25.1 per cent stake in Air India, will bring technical expertise alongside Air India's established airline operations network. The partnership builds on existing cooperation be..

Assam and Centre Review Aviation Projects Push Silchar Airport Approval

Assam and the Centre on Thursday, July two reviewed a series of aviation infrastructure projects aimed at strengthening air connectivity across the state, with the proposed greenfield airport at Silchar emerging as a key priority. The review formed part of broader efforts to position Assam as a major aviation and logistics hub for the north east. Officials outlined timelines and preparatory work that they said would guide the next stages of project approvals. The Chief Minister met the Union Civil Aviation Minister at Rajiv Gandhi Bhavan in New Delhi and described the meeting as very productiv..