AGP Executive Report
Last update: an hour agoRegional Investment: Bhutan and Thailand are expanding cooperation in trade, renewable energy, healthcare and agriculture, with Thai firms encouraged to explore opportunities in Gelephu Mindfulness City. A proposed 100-megawatt agrivoltaic project is among the areas of interest, while the countries’ free trade agreement is expected to take effect in 2027. Clean-Tech Manufacturing: GMC has signed a letter of intent with India’s Patel Greentech for Bhutan’s first battery storage assembly and manufacturing facility, planned in two phases with capacity of up to 10 gigawatt-hours a year. Enterprise Finance: Loden Tewa has launched a concessional loan facility aimed at growing businesses that have outgrown start-up grants but cannot meet commercial bank requirements. Gelephu Businesses: GMC’s development is expected to widen demand for local accommodation, food, transport, retail, tourism and construction businesses, while major events have already brought customers to the town. Pay and Prices: Bhutan’s National Assembly will consider the Pay Revision Bill in its upcoming session, with details due when the Finance Minister tables it on December 3; lawmakers also flagged inflation’s impact on farmers and consumers.
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