Prime Minister Narendra Modi will travel to neighbouring Bhutan later this month in his first foreign visit after assuming power.

Modi will be travelling to Bhutan and will hold talks on key bilateral and regional issues with the leadership of the Himalayan nation, top government sources said.

The visit reflects the importance India attaches to its ties with Bhutan whose Prime Minister Tshering Tobgay was among the leaders from the neighbouring countries to attend Modi's swearing-in on May 26.

After the swearing-in, Modi had held a short duration bilateral meeting with the Bhutanese leader.

Modi is also likely to travel to Brazil to participate in the BRICS (Brazil, Russia, India, China and South Africa) summit in mid July.