Government must help the private sector: BCCI President
Lack of easy accesses to finance, clear cut policy of the government and delay in getting the clearances were some of the problems faced by the business community while doing business in Bhutan.
This was revealed by the President of the Bhutan Chamber of Commerce and Industry (BCCI) Ugen Tshechup Dorji while addressing the inaugural session of the 29th Annual General meeting of the chamber held last Thursday in the capital.
The President felt the need for the development of our rural communities as 60-70% of the population lives there. A slight increase in their income will have a greater impact in the overall health of the economy. A proper guidance from the government especially to the medium and small enterprises will be more helpful as most of the civil servants are experienced and has expertise to prepare project reports.
“The responsibility of the government is to run the government but not to carry out the jobs done by the private sector. However as an example to the private sector, the government must carry out bigger projects which the private sector is not able to do. ” said the president and quoted the woks carried out by Construction Development Corporation Limited and Natural Resources Development Corporation Limited.
Further the president also said that as a close neighbor of India, the chamber has been preparing papers for “Bhutan as gateway to investment into India”. The investors will have many advantages with regard to labour union and taxes. Due to close proximity the people of India can work in Bhutan and taxes in Bhutan are much lower than that of India. The chamber has been lobbying for this propaganda while on visits abroad.
“In future if we have to make our economy to sustainable and be progressive, the responsibility falls upon the hands of government and the private sector. Therefore the government and the private sector should work hand in hand with full trust to each other and with unity in order to achieve our goals, “said Lyonpo Norbu Wangchuk, the minister for economic affairs who was the chief guest at the ceremony.
Lyonpo further added that the duties of the government are to make decisions, planning, formulation of laws and implementation of rules and regulations formed by the government. On the other hand the main duty of the private sector is to sell the product and generate profit, pay taxes and generate employment.
The minister also highlighted the likely amendment of the Electricity Act 2011 during the upcoming session of the parliament as the upward revision of the electricity tariff has lead to shutting down of some steel industries in the country.
The government will also initiate the ‘One Government Principle’ which will not require citizens to visit more than one agency for any service. All the services will be available under one roof. The minister informed the house that the ministry will be submitting the national mining policy to the cabinet very soon. Some of the charges are with regard to the leasing period of thirty years and simplified procedures in obtaining the local government clearance as there have been instances of local people not providig the clearances on personal grounds.
The minister said the mineral deposit must be utilized for the greater benefit of the country.
In the second day of the meeting on Friday Lyonchhen Tshering Tobgay met with the members of the chamber informed them about government’s plans, policies and strategies to help develop private sector