Gov­ern­ment must help the pri­vate sec­tor: BCCI Pres­i­dent

Bhutan Times - - Front Page - Pema Choki

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

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