India, Bhutan Sign MoU for Supply of Petroleum Products

  • The Cabinet, chaired by Prime Minister Shri Narendra Modi, approves the signing of a Memorandum of Understanding (MoU) on the General Supply of Petroleum, Oil, Lubricants (POL) and related products from India to Bhutan. 
  • The MoU aims to improve economic and commercial linkages between India and Bhutan, irrespective of gender, class, or income bias, especially in the hydrocarbon sector. 
  • Benefits include promoting bilateral trade in the hydrocarbon sector, ensuring long-term petroleum supply to Bhutan, and promoting self-reliance in India.
Posted in Current Affairs.