2,500 plus CSI licenses issued in almost a year
More than 96% of total industry licenses issued in the country are CSIs’
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.