Tobgay invites investors to explore opportunities in Bhutan

Tobgay invites investors to explore opportunities in Bhutan

SAM Staff,
Lyonchhen Tshering Tobgay (L) and his Indian counterpart Narendra Modi, file photo

Bhutanese Prime Minister Tshering Tobgay urged foreign investors to explore investment opportunities in Bhutan while speaking at the “Advantage Assam – Global Investors’ Summit, 2018” in Guwahati, in India’s state of Assam.

Hundreds of business leaders including the Chief Managing Director of Reliance Industries Ltd, Mukesh Ambani, TATA Sons Chairman N. Chandrasekaran and Patanjali CEO Acharya Balakrishna attended the business summit.

Bhutan, Lyonchhen Tshering Tobgay said, is an attractive destination for investment and invited business leaders to visit Bhutan to explore opportunities of investments.

He said the opening of the Bhutanese consulate in Guwahati on February not only enhanced the people-to-people contact in the region but also made it easier for investors from India and abroad to visit and invest in Bhutan.

The business environment in Bhutan, he said, is surprisingly conducive, with Bhutan ranked 75th in the Ease of Doing Business Index 2018.

“But we are not satisfied. We are already working to improve our ranking to top 50,” he said.

The PM also said that Bhutan was a relatively corruption free country with the Transparency International placing it at the 27th position in the corruption perception index. He said Bhutan is one of the most peaceful and stable countries in the world and added that industries enjoy cheap electricity.

Lyonchhen Tshering Tobgay also said that the Indo-Bhutan free trade agreement provides easy access to the Indian market. “You can enjoy all the advantages of being in Bhutan and export freely without any barriers to India,” he told the gathering.

Addressing the gathering at the same programme, Indian Prime Minister Narendra Modi thanked Bhutan for opening the consulate in Guwahati and expressed hope that it would enhance connectivity and trade in the region.

“I am happy to learn that the Royal Government of Bhutan has opened Bhutanese Consulate in Guwahati,” PM Modi said.