| Introduction: Brief contextual introduction Body: Highlight the role of hydropower in the economic development of Bhutan & lessons learned from this cooperation. Conclusion: Way forward |
Hydropower cooperation between India and Bhutan has played a pivotal role in the economic development of Bhutan and has significantly strengthened the bilateral relations between the two nations.
Role of hydropower cooperation in the economic development of Bhutan
- Economic development of Bhutan: Hydropower projects have been the cornerstone of Bhutan’s economic growth, providing a steady stream of revenue through the sale of electricity to India. This revenue has been crucial for Bhutan’s development initiatives, helping the country graduate out of the Least Developed Country status. The success of these projects has contributed to Bhutan’s overall economic prosperity and stability.
- Strengthened India-Bhutan Relations: The hydropower cooperation has fostered a strong and enduring partnership between India and Bhutan. Both countries have recognized the importance of this collaboration in achieving their respective development goals. The trust and cooperation established through hydropower projects have paved the way for deeper diplomatic ties and strategic cooperation in other sectors.
- Model for Regional Cooperation: The India-Bhutan hydropower cooperation serves as a positive example of successful regional cooperation in South Asia. It demonstrates how neighboring countries can work together for mutual benefit, leveraging each other’s strengths and resources to promote economic growth and development.
Lessons learned from the India-Bhutan hydropower cooperation:
- Mutual Respect and Trust: India-Bhutan cooperation underscores the importance of mutual respect and trust in fostering successful partnerships. India should extend similar respect and trust to its other neighboring countries, acknowledging their sovereignty and priorities.
- Shared Development Goals: Both India and Bhutan have aligned their development goals through hydropower cooperation. India should work towards identifying common development objectives with other neighboring countries and explore avenues for collaboration to achieve them.
- Sustainable Development: The focus on sustainability in hydropower projects highlights the importance of environmentally responsible development. India can prioritize sustainable development practices in its collaborations with other neighboring countries, ensuring that projects benefit the environment and local communities.
- Strategic Diplomacy: Hydropower cooperation has been a cornerstone of India-Bhutan diplomacy. India can leverage similar strategic diplomacy approaches in its relationships with other neighboring countries, emphasizing cooperation, dialogue, and mutual benefit.
Conclusion
Successful execution of Gelephu Mindfulness City in Bhutan has the potential to develop infrastructure in parts of eastern India like West Bengal and Assam which augurs well for the continued growth and development of India-Bhutan ties prioritizing India’s Neighbourhood First policy approach.
