Bhutan hosts 5th International Trade fair
he 5th Bhutan International Trade Fair and the fourth Thematic Exhibition on Indian handicrafts began from 4th September and will go till 8th September in Changlingmethang Stadium Parking in the capital, which was hosted by BCCI that attracted over 140 companies from India, Nepal, Thailand, and Taiwan and Bhutan.
The opening ceremony was graced by Minis- ter of Foreign Affairs, Lyonpo Rinzin Dorji and Member of Parliament of Rajya Shabha from India, Shri Biswajit Daimary. During the inaugural ceremony Lyonpo said it is indeed very encouraging to learn that the past four fairs had brought over 300 companies from countries such as India, Bangladesh, Myanmar, Nepal, Singapore, Thailand and Taiwan, and attracted more than 130,000 international and local visitors and customers.
Lyonpo added that like the previous fairs, this fair will be a huge success and contribute to further strengthening of trade and business ties, and people-to-people contacts among Bhutanese entrepreneurs and international participants from various countries.
Lyonpo further said that the International Trade Fair is organizing parallel events such as the ‘4th Thematic Exhibition on Indian Handi- crafts’, in collaboration with the Bodoland Regional Apex Weavers and Artisans Cooperative Federation Limited, Assam which is one of the closest and friendliest neighbors state of India.
This exhibition would not only provide a platform for artisans and craftsmen from abroad to showcase their product designs and technical skills, but would also give an opportunity for local participants to learn and make best use of the skills that are being demonstrated by the artisans, said the Lyonpo.
“I must mention that the Royal Government of Bhutan attaches high importance to the development of the private sector and, to this end, a number of policies such as the Economic Development Policy, Fiscal incentives, Foreign Direct Investment Policy have been adopted to attract investors and international companies to do business in Bhutan”, said the Lyonpo.
Our government is committed to bring down the current ranking in the ease of doing business from somewhere 162 to 100th place by the end of the Plan, Lyonpo added.
Mr. Narmohan Das from Assam who was in the fair with his silk product said, this is my first time participating in this fair. I participated because in our areas we have many weavers who are working very earlier in the hand loom but they don’t get their own market moreover they also don’t know about the price. So slowly I worked with them and I ordered with differently items and these items are sold in England, USA and to many other countries where all the items are made of natural dye on silk. Therefore I participated in this trade fair.
The main objective for the trade fair and the thematic Exhibition on Indian handicrafts are to promote International Trade and Investment, to create market linkages for Bhutanese Products, to create value chains of the Bhutanese products specifically the products of SMEs,
It also aimed to encourage local companies and industries to learn from the International participants, to create awareness on sources of equipments, raw materials and products for use by the Bhutanese entrepreneurs, to create business linkages between Bhutanese houses and principal companies from abroad, to create network between business to business, to showcase Bhutanese culture and tradition and To bring in FDI into the country.
While, the product displayed during the fair are Handicrafts, textiles, furniture, wood particle boards, household items, jackets, electronics, handlooms, carpets, health and fitness items, electronics, gift items, statues, shawl, health services, education services, solar panel, solar power system, wood working machinery, kitchen appliance, etc.
Meanwhile, parallel to the 5th Bhutan International Trade Fair, THE 4TH Thematic Exhibition on Indian Handicrafts is also being organized by BCCI in collaboration with Bololand Regional Apex Weaver and Artisans Cooperatives Federation Limited ( BRAWFED), BTC, Assam- India with 40 stalls displaying Indian Handicrafts and a live demo by 10 master crafts person.