DHI business acceleration program launched
“We need to take a fresh approach to empowering our youths by equipping them with necessary skills to create their own employment opportunities – and as you succeed, and become empowered, you are duty bound to reciprocate by creating employment opportunities for others,” said Chief Justice Tshering Wangchuk, Chief Advisor to the Interim Government at the launch of DHI Business Acceleration Program ( BizAP) at the Start Up Center, Changzamtog, Thimphu yesterday.
At the event, the Chief Advisor reminded the entrepreneurs that they have the skills and power to harness and develop the country with their innovative minds. He reminded the entrepreneurs of His Majesty’s command, “your capabilities and predispositions towards hard work will invariably shape the future of Bhutan. You must work with integrity, you must keep learning, keep working hard, and you must have the au- dacity to dream big.”
The Chief Advisor said that both public and private sector are critically important for creating employment and sustainable development of the economy.
“Both public and private sector are critically important for creating employment and sustainable development of the economy. In most countries, the private sector is the major component of national income and the major employer and creator of employment opportunities. The private sector is pivotal in bringing to the table innovative methods and tools for creating employment, skills development, innovation, and building an inclusive society that has equal opportunities for all – that is, a free, fair and just society envisioned by His Majesty the King. “He said
The Chief Advisor emphasized that the cottage and small business sector are at the centre of every country’s economic network as they are in fact the force that helps the private sector to change and the local economy to grow. “Small business units therefore, need to be empowered to become active socio- economic agents for transformational change. This can surely be achieved, by increasing access to finance, supporting knowledge exchange, and technology transfer. Equally, efforts should be made to assist our young entrepreneurs by creating the enabling environment where they get the avenue to transform challenges into opportunities, realize growth, improve benefit, create a learning network and unleash their latent talent.”
The Chief Advisor also exemplified that as Bhutan graduates from the least developed country to middle income country, entrepreneurship will play a pivotal role in creating opportunities, employment and improving livelihoods. He added that such an initiative could not have come at a more opportune time, when the nation is poised to graduate from the least developed countries category to a middle income country.
Chief Justice said that the economic vulnerability index threshold is still a major concern, as Bhutan continues to face serious challenges in terms of its narrow economic base.
“DHI’s Business Acceleration Program ( BizAP) compliments the governments aspiration of building productive capacity and economic resilience to ensure that there is no back slippage on the hard- earned development gains and graduation from LDC is sustainable. “
As Bhutan enters its 12th Five Year Plan, he said it is critical and must serve as our strategy for graduation – and be able to absorb the withdrawal of international support measures.
“Therefore, Bhutan must continue to diversify its economic activities and reduce dependence and reliance on foreign aid and imports. The Bhutanese must collectively contribute towards building a strong foundation for a vibrant, resilient and sustainable economy. The Bhutanese people must take pride, as Bhutan is the first landlocked country to graduate from the LDC category, we must rely on our own efforts and learn to live on what we earn with dignity.”
The day also saw the launch of DHI Business Acceleration Program ( BizAP) which defines a fine example of a positive approach towards supporting and empowering our young entrepreneurs through exchange of ideas, sharing of knowledge and development of skills.
The Chief Advisor congratulated DHI for the successful launch of BizAP and offered his prayers and good wishes for the success of all of the venture and the young entrepreneurs.
The Druk Holding and Investment’s initiative toward entrepreneurship development for small and cottage industries saw 25 young entrepreneurs who will undergo trainings for skill development, monitoring and evaluation systems, mentorship among others. The DHI has hired the services of IC2 Institute under the University of Texas as a partner for the training methodology.
Chief Justice Tshering Wangchuk, Chief Advisor to the Interim Government along with the participants at the launch of DHI Business Acceleration Program (BizAP) at the Start Up Center, Changzamtog, Thimphu yesterday.