"Similar values and philosophy of life of India and Bhutan cement emotional bonds between the two countries," the princess said while inaugurating the event.
She said she has come here as India's friend carrying with her Bhutan King's concept of Gross National Happiness.
"The norms of eternal satisfaction and development should be education, health and other resources available to common people," she said.
The inaugural session was presided over by Madhya Pradesh Chief Minister Shivraj Singh Chouhan.
In his presidential address, Chouhan said that all human beings wish and aspire for long and happy life, which has given birth to a number of philosophies and ways of worship have come into existence.
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Welcoming Bhutanese Princess, Chouhan said that ties between India and Bhutan will only strengthen further.
Apart from India, Vedic and Buddhist scholars from USA, Norway, Sri Lanka, Bhutan, Korea, Vietnam, Myanmar and other countries are also attending the symposium that will end tomorrow.
Senior Sri Lankan Minister Dr Sarath Amunugama, Chancellor of Sanchi Buddhist and Indic Studies University Ven Samdhong Rimpoche and Sri Lankan Buddhist scholar Vengala Upatista Nayak also spoke on the occasion.