AGP Executive Report
Last update: 3 hours agoIndia–Bhutan Development Talks: Foreign Secretary Vikram Misri and Bhutan’s Dasho Pema Lektup Dorji co-chaired the 5th India-Bhutan Development Cooperation Talks in Thimphu, reviewing 13th Five-Year Plan delivery and signing new support packages. Concessional Finance: A Rs 4,000 crore (Nu 40 billion) concessional line of credit was exchanged between India’s EXIM Bank and Bhutan’s Ministry of Finance. Health & Green Mobility: An MoU was signed between AIIMS and Khesar Gyalpo University for health education and research, while 45 electric vehicles were handed over to back Bhutan’s green mobility push. New Projects Approved: 12 new Project Tied Assistance projects worth Rs 332 crore were approved across infrastructure, healthcare, agriculture, urban amenities and disaster management. Gelephu Digital Assets: Bhutan’s Gelephu Mindfulness City appointed Canadian digital-asset manager 3iQ to manage part of its Bitcoin treasury, supporting its plan for a digital asset fund ecosystem. Local Business Infrastructure: Tsirang District Administration is building a Damphu Economic Hub (Nu 34 million) to sell organic produce and add cafes and recreation, targeting completion next August. Regional Payments Tech (Maldives-India): The Favara-UPI cross-border corridor went live, enabling real-time Maldives-to-India transfers—an example of fast-growing digital finance links in the region.
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