The sixth BCCI international trade fair began
The Bhutan Chamber of Commerce and Industry (BCCI) has conducted its sixth international trade fair from Friday and will go on till 8 September is the 6 Bhutan International trade fair keeping in view the success of past trade fairs.
The international trade fair is a consumer fair show casing products from the regions of many countries not from the single country so it is international, General Secretary said.
General Secretary Phub Tshering said that the chamber would also conduct construction fair, education fair, regional friendship fairs and even an agriculture and flora exhibition which was started last year. Most of the exhibition takes place at Thimphu but regional trade fairs are conducted at Samdrup Jongkhar and Gelephu.
Construction fair mainly focuses on construction equipment’s, technologies and materials. Education fair focuses on education and they bring in colleges and universities from outside so that they can show case their institutions.
Similarly regional trade fairs are theme based and it is conducted across the cross border. For example if it is conducted at Gelephu then the theme would be something like partnership of better businesses.
The main aim of agriculture fair is in line with the government initiative. He cited an example, for 11th Five Year plan government has pledged huge support to agriculture.
“But to do that I think we need lots of tools, machineries if we are talking about mechanization, if we are talking about irrigation, equipment’s, green house and seeds are concerned. People have to be informed on all this. So when they bring people they will show case to the people and will know about it,” said Phub Tshering.
The revenue generation from the fair totally depends on the number of stalls which are rented out at Nu 35,000 for Bhutanese and for Nu 40,000 for the outsiders.
The advantages of having such fairs, according to the BCCI Secretary General is that lot of participants come here, they spend money and it helps almost all small hotels in Thimphu who receive full bookings of rooms. This time around there is about 200 people from Nepal, 350 from India and 90 to 100 people from Bangladesh. He further said that restaurants will do business, hiring of vehicle transportation will go on and government gains sales tax and custom duty.
“There are lots of tangible benefits which are connected. But the main aim of trade fair is not to earn revenue and make money; it will create a plat form where Bhutanese people will get in touch with principal companies to supply products. The other point for conducting it is that they can look at it how things are done, for an example during the Bhutan international trade fair there was live demonstration of how cane and bamboo can be value added and how nice things can be made from it,” said Phub Tshering.
When it comes to trade fair we need to bring in lots of people and have long process of getting visa which actually does not promote such initiative, General Secretary said. He further said that if there are ways to fast track and stream line processing of visa for participants would be really appreciated. He also said that due to the connectivity also, they are not being able to bring in more participants.
Meanwhile, there are about 35 companies from Bhutan registered for the international trade fair this year from all the regions and there are about 215 stalls this year.
Haratimaahandi craft from Nepal Mr. Amir Sakher said that he came to attend the events every year and last year he had made profit of about Nu 0.5mn after the deduction of cost cutting, who sales statues.
He further said that there are lots of competition this year as compare to last year so the prices of the products decreases.
Representative of Dharma Arts and Craft, Tenzin Dorji who sale statues said that this is the first time that they have joined in the events and can’t say how the business will go. He further said that they sell the statues at low price as compare to Nepal because there are out flow of our currency.
He said that the statues are made in Bhutan and the one who buy’s the statues do not have to put relics.
Mr. Angom Umeshshor Singh from Manipur said that this is the fourth time that he participated in Bhutan for such events and he will be coming next year too. He said that the sales of his product are going well and that’s the reason why he comes.
He said that last year, he brought the products amounting of Rs 50,000 and that was all sold out but this year he could bring only the products of Rs 24,000 which was less than last the year due to the land slides.
Thimphu Gonpa Tshongkhang, Yangki said that she participates every year and the profit that she earn is not up to her expectations. She said that last year she had earned around Nu 30,000 after the deduction of the price of her products.
She said that this year there are more participants and even there are craft bazar who sales the same products so “I can’t say how the business will run”. She added that this year she had brought the products amounting of Nu 0.1mn.
Rahul Dash representatives of Bhabani Ladies Center from Assam said that this is the first time that he has come for such events and have a doubt whether his products would be sold. He further said that he has confident that his products would be sold out during the stay.
Nakul Musharee of Weaving destination, Kokrajhar has came to the events for the first time and thinks that all the products that he has brought to sell would be sold.