According to the Austrian delegates, eight companies from diverse sectors such as energy, engineering, tourism and health visited Bhutan to explore new opportunities.
Eighteen women from diverse backgrounds took part in the event, where they pitched business ideas, worked in teams and presented their models to the judges.
Prime Minister Tshering Tobgay said during the prize awarding ceremony that although the government has been promoting entrepreneurship, providing support in terms of policy and finance, it is time to streamline these processes.
The eventful weekend saw 130 keen people in attendance, of which 56 pitched ideas. This was the fifth time that such an experiential learning method was implemented in Bhutan to teach entrepreneurship first hand.
Compared to its neighbours, Bhutan is still the considered the best place to do business in the region. India is ranked 100th, Nepal (105), Sri Lanka (111), the Maldives (136), Pakistan (147), Bangladesh (177) and Afghanistan (183).
The Ministry of Information and Communications (MoIC) will establish another Techpark by 2019. This is geared towards addressing unemployment in the country through Information and Communications Technology. The plan was highlighted at the 3rd ICT Conference held in the capital on 16 Oct 2017.
The main mission of the company is to attract reputed IT/ITES companies from both within Bhutan and around the world to work with the company for technology based collaboration, learning and innovation.
Bangladesh and Bhutan yesterday stressed the need for boosting regional connectivity and expediting the process of implementing the BBIN initiative to bring prosperity in the region.
At the question hour at the National Council yesterday, agriculture minister Yeshey Dorji said that the government’s investment to upgrade agriculture to commercial scale has grown over the years.
In what could rid its image as a white elephant, there are more than 600 Bhutanese employed at the IT park today and almost all of its office space has been rented out.
Since joining the World Trade Organization (WTO) has been equated with consumerism, a question that is often raised in Bhutan’s accession is whether WTO market principles are attuned to sustainable development.
A total of 24 Foreign Direct Investment (FDI) projects were registered during the government’s tenure, economic affairs minister Norbu Wangchuk said on November 20. The total number of FDI projects today, he said, was 55.
With the launch of the online “Investment guide (iGuide) to Bhutan” yesterday, investors – local and foreign alike – can now access information for setting up business at the click of a mouse.
The need for foreign direct investment was long recognised, given the lack of capital and expertise, the need to create employment and generate income.
If the visit by the delegation from Bengal Chamber of Commerce and Industry, India was any indication of more foreign investment in the country, then education, hospitality, information technology, agri-business and consulting are few areas of interest to India.
Bhutan’s happiness concept will now be used to promote brand Bhutan, according to a strategy that a Singapore-based branding consultant, FutureBrand, has come up with.
Foreign direct investment (FDI) firms earning non-convertible currency and Indian rupee can now repatriate their dividends in convertible currency like US dollar, Euro and Great Britain Pound.