AGP Executive Report
Last update: 10 hours agoHydropower Deal: JSW Neo Energy and Bhutan’s DGPC have signed a shareholders’ agreement to jointly develop the 920 MW Punatsangchhu-III project in Wangdue Phodrang, with DGPC holding 51% and JSW Neo 49%; DPR work is underway, marking JSW’s first power generation venture outside India. Construction & Land Use: Haa Dzongkhag has lifted its May 22 moratorium on construction inside the Haa Throm boundary, effective immediately, after revising the Haa Local Area Plan and Development Control Regulations; the Dzongkhag Engineering Sector will resume processing building and renovation approvals. Food Safety & Imports: BFDA has tightened mango import testing and rules after calcium carbide was detected in Indian mango consignments; initial tests found 2 positives out of 11, prompting broader surveillance. EV Policy: Bhutan says EVs keep major tax advantages even after GST reforms, and the government will assess affordability in the market before considering further incentives as it targets 70% of new vehicle sales to be electric by 2035. Mining Prospects: Bhutan’s first nationwide airborne survey flagged promising copper and tungsten anomalies, plus potential rare earth and geothermal structures, but officials stress ground studies are needed to confirm viable deposits. Business Environment: Bhutan’s government says it has accelerated reforms to attract investment and strengthen domestic industry, including eased FDI rules, faster approvals, and support for cottage and small industries. Economy Snapshot: Bhutan’s economy grew 8.52% in 2025, driven largely by higher electricity generation after Punatsangchhu-II commissioning, alongside construction and services gains. Cross-Border Retail: A new study finds most Phuentsholing shoppers rely on Jaigaon for lower prices and wider choice, citing higher local operating costs and fragmented supply chains. Infrastructure Resilience: Engineers and planners are being trained to assess and retrofit infrastructure for disaster risks, including earthquakes and glacial lake outburst floods.
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