AGP Executive Report
Last update: 4 hours agoInvestment: Bhutan has licensed or granted in-principle approval to FDI projects worth Nu 329.16 billion, 65.8% of its Nu 500 billion target for 2029. Most approvals under the 13th Five-Year Plan are in services, particularly IT and IT-enabled services; approvals do not mean the capital has already been invested. Digital Payments: UPI has processed 8,621 transactions for Bhutanese users since September. Authorities are working with Indian banks to address failures, with four more banks, including SBI, preparing to join. Power Costs: The Government has allocated about Nu 400 million this financial year to support low-voltage electricity consumers as it reviews domestic tariffs. Energy Infrastructure: KEC International secured a 400 kV transmission-line order in Bhutan as part of new orders worth Rs 1,030 crore. Separately, Adani Power and Druk Green Power agreed to develop the 770 MW Chamkharchhu-I hydropower project. Financial Services: DK Bank received in-principle approval to expand into Abu Dhabi, but needs final regulatory clearance before offering services there. Trade Links: At Sagarmanthan, Bhutan and India discussed using National Waterway-2, the Jogighopa terminal, and the Manas and Sankosh rivers to improve Bhutanese cargo access to global markets.
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