 In inaugurations, we now move on to witness the formal exchange of the Mangdechu Power Purchase Agreement and the nine memoranda of understanding between various institutes and agencies of India and Bhutan. The nine memoranda of understanding are on aircraft accident and incident investigation, between the Bhutan National Legal Institute and the National Judicial Academy of India, between the Jibhni Singh Yuvanchi School of Law and the National Law School of India University, between the Department of Information Technology and Telecom, Ministry of Information and Communications Bhutan, and the Indian Space Research Organization, between the National Knowledge Network of India and the Department of Information Technology and Telecom Bhutan, and between the Royal University of Bhutan and four leading Indian universities. At this point, I request the Excellencies, the Foreign Secretaries of India and Bhutan to kindly step forward for the exchange of folders containing pre-signed copies of the Mangdechu Power Purchase Agreement and the five MOUs. Thank you, Excellencies. I request you to pose for a photo opportunity. Thank you, Excellencies. For the exchange of the four memoranda of understanding between the Royal University of Bhutan and four universities in India, I now request the Excellencies, the Ambassadors of Bhutan and India, to kindly step forward for the exchange of folders. Thank you, Excellencies. It is now my honor to request the two Prime Ministers for their press statement. And at this point, I would like to request protocol to escort their Excellencies to the podium, please. Excellencies, distinguished guests, ladies and gentlemen, I now have the honor to request his Excellency, Dr. Lote Siding, Honorable Prime Minister of Bhutan for his press statement. Prime Minister Srinarendra Modi, Excellencies, senior government officials from India and Bhutan, members from the media, ladies and gentlemen, Namaskar and Kuzhampula. It's a great honor for me and people of Bhutan to welcome your Excellency and the team to our country. Actually, it was on your first visit to Bhutan in 2014 when you have touched the hearts of Bhutanese people. And I clearly remember your Excellency saying that Bhutan and India are close, not because we have open borders, but because we have opened our hearts to each other. So your visit this time shows how much you meant it. Thank you, Excellency, for accepting my humble invitation and taking time out to visit us. Adding to the significance of this special visit is the venue in which we are seated today. This is the first fortress built by the founder of Bhutan, Shabdun Nawan Namgil, almost 400 years ago. And it is very symbolic that in his spiritual presence today that we celebrate yet another milestone in Indo-Bhutan relations. Bilateral event at this venue is first of its kind. And I personally feel it is well deserved. I thank my king for allowing us to use this sacred and auspicious hall today. This shows how much our monarchs deeply cherish the friendship of India. And no wonder we call this relation unique. With the blessings of His Majesty the King this afternoon, I had the privilege of sitting down with Modiji for a meeting that was heartwarming and fruitful. I felt like I was having a conversation with a very close friend, a friend who cares, a friend who means a lot to us. From our conversation, His Excellency's focus on neighborhood first policies, His Excellency's clarity on leading the biggest democracy and fastest growing economy in the world has caught my attention. For this, I commend Prime Minister Modiji for his strong and dynamic leadership. India's stature and influence has grown in the international arena. And it has emerged as a global leader. Your leadership has a rare combination of courage, compassion, and caliber. We see you taking bold steps for the greater interest of your nation and its people. I owe my admiration and sincere appreciation for that. I show Prime Minister Modi for Bhutan's unwavering support to India's leadership role in regional as well as global affairs. A politically and economically stable, successful India translates to a very prosperous region that also benefits Bhutan. I'd like to convey my deep appreciation to Prime Minister, your government, and people of India for your continued support in Bhutan's socioeconomic development. The Manguchu Hyder Power Project, other programs, and the MOUs that we exchange today will go a long way in realizing our shared goals. I congratulate the highly professional team from both the countries for a successful completion of this project. I'm confident that the cost efficiency, timeliness of the completion of this plant will also be a source for inspiration for the future Hyder Power projects between our two countries. Even as we generate revenue from Hyder Power, we are happy that the energy will also, however small it may be, contribute to India's effort in doubling your GDP to $5 trillion US dollar by 2024. In addition to Hyder Power, we're also happy that Prime Minister Modi's initiative to establish South Asia Satellite and all your support to establish a ground station in Thimpo. We look forward to ISRO's assistance to venture into satellite and space technology. This is in line with His Majesty's vision for Bhutan to harness the benefits to overcome the challenges of a small country with very difficult geographical terrain. This support is timely. This will complement our digital doodle flagship program to build a very efficient digital network as part of our e-governance initiative. The other initiatives like the Rupiah Cart, institutional linkages, your Excellencies address tomorrow to the youth, I personally feel have huge potential in bringing the peoples of our two countries closer. I personally feel that healthy people-to-people contact, based on trust and honesty, should be the cornerstone of Andrew Bhutan's relationship, not just based on developmental projects that we have pursued. In my conversation with Modi this afternoon, we listened to each other's hearts. India and Bhutan may vary in size, but our beliefs, our values, our motivations are all common. Today, I'm overwhelmed by the sense of pride that the two countries are living the definition of a true friendship. This is the truth, and I feel this is a way forward. I wish Prime Minister Modiji and his delegates a very comfortable and pleasant stay in Bhutan, Tashi Dele and Dhanibat. Thank you, Laio Excellency. It is now my great honor and privilege to request His Excellency Sri Narendra Modi, Honorable Prime Minister of India, for his breast statement. Thank you. BOTAN's Honorable Prime Minister, and my friend, Dr. Chhering Ji, Honorable guests, ladies and gentlemen, Namaskar. I am very happy to be part of India's Abhinna and special friends in Bhutan, among all of you. For my delegation and my warm welcome to you, Prime Minister, I express my condolences to you and Bhutan's royal government. Excellency, I would like to express my condolences to all of you. Bhutan has a special place in the hearts of 130 million Indians. During my last visit to Kairakal, as Prime Minister, my first trip to Bhutan was very successful. This time around, I am very happy to be part of Bhutan at the beginning of my second visit to Kairakal. With regard to Bhutan and India, both the countries' development, cooperation, and security are based on common interests. Therefore, both the countries are able to support each other. Excellency, it is my honor that the decision-making people of India have given me another chance to work with you to make these relations stronger. Today, I had the opportunity to talk to Bhutan's Prime Minister, the King, and after a while, I will also meet with the King of Chaturth. During a very long time, I have visited the Dipakshya relations. Not only that, their vision has presented Bhutan in the form of a unique example where development is not just about happiness, it is also about the progress of tradition and tradition. Who will want such a friend and a neighbour? Friends, this is a part of India that we are a proud leader in the development of Bhutan. In the five-year plan of Bhutan, India's cooperation will continue on the basis of your dreams and aspirations. Friends, the hydropower is an important area for cooperation between our two countries. Both the countries have changed the power of Bhutan's rivers not only in the light, but also in the atmosphere. Today, with the help of the Manga Desh Pariyozhara, we have achieved another historic achievement. With the help of both the countries, the hydropower is moving forward by crossing 2,000 megawatts in Bhutan. I am confident that we will quickly take other plans forward. Excellency, to fulfill the increasing needs of the people of Bhutan, we have decided to increase the number of LPs from India by 700 to 1,000 metric tons. This will help us to reach the villages with clean fuel. Friends, Dr. Chherig had told me in our first meeting that his prime minister, Prerna, has not been able to provide good health services to the public. I was very impressed by his vision. In Bhutan, India will use every opportunity to fulfill the multi-disciplinary super-specialty hospital's dreams. Excellency, under the current self-improvement framework, our vision is positive to increase the limits of currency swap. In order to fulfill the international needs of the people of Bhutan, we will use 100 million dollars under the stand-by swap system. Friends, Bhutan has a strong impact on the development of space technology. Today, we have launched the South Asia Satellite Artstation, which will increase the coverage of communication, public broadcasting, and disaster management in Bhutan. According to the needs of the people of Bhutan, extra bandwidth and transponder will also be made available. Both countries will also use small infrastructure and space technology. With the National Knowledge Network of India, the connections between the people of Bhutan and the new countries will be connected to the international community. This is an important step for both countries to establish the National Knowledge Society, which will benefit our youth in a special way. Royal Bhutan University, the IITs of India, and some other top-secret institutions, are currently in need of education and technology. I am looking forward to meeting the youth of this country at the Royal Bhutan University tomorrow. Friends, I am very happy that we have launched the RUPE card in Bhutan. With this, our connections will increase in the digital Bhutan and business environment. Our social, spiritual heritage, and strong people-to-people relationship is the life of our relationships. By keeping this in mind, in the Nalanda University of Bhutan, postgraduate scholarship is being increased from 2 to 5. I have received the blessings of all the students here today. I am happy to announce that India is happy to increase the number of students in Bhutan for the next five years. Excellency, the history of the Bhutan-Bhutan relations is as beautiful as the future of hope. I am also sure that India and Bhutan will be a unique model of relations between two countries in the world. In this beautiful June, to give you the opportunity to come again, I would like to thank the two Honorable Prime Ministers for gracing today's event. With this, we come to the end of the program. I request all members of the audience to kindly rise and remain at their place till the two Honorable Prime Ministers have exited the venue. Thank you, La and Tashi Deleg. Thank you very much.