Op­por­tu­ni­ties and chal­lenges in do­ing busi­ness with In­dia

Bhutan Times - - HOME - Sonam

The pro­gramme on op­por­tu­ni­ties and chal­lenges in do­ing busi­ness with In­dia or­ga­nized by the Em­bassy of In­dia in Thim­phu last Tues­day . The rep­re­sen­ta­tives from Bhutan Cham­ber of Com­merce and In­dus­try and of­fi­cials of Pub­lic Sec­tor un­der­tak­ing in­clud­ing banks, hy­dropower projects & the me­dia jour­nal­ists par­tic­i­pated in the event.

Speak­ing dur­ing the event the in­terim pres­i­dent of Bhutan Cham­ber of Com­merce and In­dus­try Chen Chen Dorji share his views about the op­por­tu­ni­ties and chal- lenges faced while do­ing busi­ness with In­dia. The main aim of the event is to reach out busi­ness com­mu­nity in Bhutan which will fo­cus mainly on is­sues like cur­rent eco­nomic sce­nario in In­dia where the In­dian econ­omy is grow­ing faster than China and the cur­rent Gross Do­mes­tic Prod­uct (GDP) ex­pected from 7-7.5% in 20162017. Op­por­tu­ni­ties for Bhutanese busi­ness peo­ple in In­dia till now Bhutan had free trade with In­dia which will make our coun­try in­ter­de­pen­dent rather than a de­pen­dent coun­try be­cause Bhutan im­port more and ex­port less.

Re­cent ini­tia­tives and pro­grammes of Gov­ern­ment of In­dia where the Em­bassy of In­dia said that Bhutan and In­dia has heart and mind re­la­tion what­ever we have in Bhutan are from In­dia and which In­dian doesn’t have are from Bhutan whether be it a hy­dro, so­lar and nat­u­ral things, that’s why the trade within SAARC re­gion is only 4-5% which will get de­pen­dent and for mu­tual ben­e­fits.

Chal­lenges faced by the Bhutanese traders in the In­dian mar­ket which is marked by Dasho Pen­jor the Gover­nor of Cen­tral Bank men­tioned that our cur­rency Ngul­trum started in 1974 and within a short pe­riod of time in early 2015 the chal­lenges of Ru­pee short­age which em­barked the Bhutanese traders. The prob­lem by giv­ing 7% in­ter­est to get goods from In­dian deal­ers but with the ad­vance­ment of tech­nolo­gies the cen­tral bank had es­tab­lished a In­dian cur­rency coun­ters. The coun­ters will pro­vide In­dia cur­rency and re­solve all the prob­lems re­lat­ing so that the Bhutanese traders will not face the same prob­lem in the near fu­ture and the of­fice will en­sure that they will have enough In­dian cur­rency.

Dam­chae Dem the pres­i­dent of the Women As­so­ci­a­tion of Bhutanese En­tre­pre­neur (BAWE) said that do­ing busi­ness re­quires hard work, pa­tience and in­ter­est. And do­ing busi­ness with In­dia is not an ex­cep­tion and she shared how she made all the ef­forts to pen­e­trate through all the ob­sta­cles to be­come a suc­cess­ful busi­ness women.

The In­dian Am­bas­sador to Bhutan Jaideep Sarkar was the chief guest at the cer­e­mony and Ugen Tsechup Dorji the vice pres­i­dent of Singye Groups of Com­pa­nies was also present dur­ing the event.

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