DHI busi­ness ac­cel­er­a­tion pro­gram launched

Bhutan Times - - Home - Staff Re­porter

“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.

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