2,500 plus CSI li­censes is­sued in al­most a year

More than 96% of to­tal in­dus­try li­censes is­sued in the coun­try are CSIs’

Business Bhutan - - Money - Dechen Dolkar from Thim­phu

Be­tween June 2016 and May this year, a to­tal of 2,779 li­censes for Cot­tage and Small In­dus­tries (CSIs) were is­sued.

As of May 2017, 20,143 li­censed CSIs were op­er­at­ing in the coun­try, which con­sti­tutes more than 96% of the to­tal in­dus­try li­censes is­sued in the coun­try; as of June last year, 17,364 CSI li­censes were is­sued.

In­dus­tries in Bhutan are cat­e­go­rized into three sec­tors: ser­vice, pro­duc­tion and man­u­fac­tur­ing (P&M) and con­tract.

The ser­vice sec­tor dom­i­nates CSI ac­count­ing for more than 66% of the to­tal CSIs, while P&M sec­tor ac­counts for only 12% and con­tract, 22%.

Ac­cord­ing to the an­nual re­port 2017 of Depart­ment of Cot­tage and Small In­dus­try, the Re­gional Trade and In­dus­try Of­fices (RTIOs) is­sues most of the CSI li­censes.

How­ever, for busi­ness pro­pos­als that are not del­e­gated to the RTIOs, the depart­ment is­sues busi­ness ap­proval.

Dur­ing the year 201617, a to­tal of 238 pro­pos­als were ap­proved. Since its es­tab­lish­ment in 2010, the depart­ment has helped fa­cil­i­tate ap­proval for 489 pro­pos­als.

Last year, 163 CSIs were ap­proved and this year 75.

Dur­ing the year 2016-17, 106 CSIs were pro­vided skill devel­op­ment train­ings. In seven years, 741 en­trepreneurs were trained in var­i­ous fields.

A to­tal of 44 par­tic­i­pants from the cen­tral gov­ern­ment, lo­cal gov­ern­ment, CSI en­trepreneurs and busi­ness devel­op­ment ser­vice providers were trained on com­mu­nity ca­pac­ity and ru­ral en­ter­prise devel­op­ment the­ory and con­cepts in Ja­pan and Thai­land from 2014-16.

The first Gakyed Ga­toen- fes­ti­val of hap­pi­ness was launched from April till May 2016 in Thim­phu where 67 pro­grams rang­ing from food prepa­ra­tion and tast­ing to paint­ing and craft mak­ing was ex­hib­ited. The sec­ond Gakyed Ga­toen fes­ti­val was launched in Jan­uary 2017 in Thim­phu, Paro and Haa. A to­tal of 117 en­trepreneurs par­tic­i­pated in the sec­ond fes­ti­val. A cat­a­logue con­tain­ing var­i­ous hands on pro­gram ex­hi­bi­tion was also pub­lished.

In 2016-17, seven CSIs were sup­ported with a grant amount of Nu 1.13mn. In to­tal, a grant worth Nu 11.1mn has been pro­vided to 74 CSIs for pur­chase of core ma­chin­ery.

As of May 2017, CSIs em­ployed 92,322 peo­ple.

The re­port states that the pro­grams and projects will be guided by the Eco­nomic Devel­op­ment Pol­icy 2016 and CSMI Pol­icy 2012, which would mainly fo­cus on cre­ation of en­abling en­vi­ron­ment through devel­op­ment of in­fras­truc­ture such as mini-in­dus­trial es­tates, in­cu­ba­tion cen­ters, and devel­op­ment of en­tre­pre­neur­ial cul­ture for the growth of CSI in the coun­try.


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