AGP Executive Report
Last update: 9 hours agoHydropower Deal: JSW Energy and Bhutan’s Druk Green Power Corporation (DGPC) signed a shareholders’ agreement to jointly develop the 920MW Punatsangchhu-III project in Wangdue Phodrang, with DGPC holding 51% and JSW Neo 49%; the detailed project report is now being prepared. Tax Clarity: Bhutan’s Finance Ministry clarified that interest earned on fixed deposits before Jan 1, 2026 stays tax-exempt even if credited after the new Income Tax Act took effect. Tourism & Connectivity: Bhutan added Darranga (Assam) and Jaigaon (West Bengal) as entry/exit points for foreign nationals holding Indian e-Visas, aiming to boost access for eastern Bhutan. Local Development: Haa Dzongkhag lifted its construction moratorium inside the Haa Throm boundary, restarting approvals under revised local planning rules. Trade Risk Alert: India’s DGFT advised exporters and banks to exercise heightened vigilance with two Bhutan-based firms, Legoy Powersports and Druk A-Z Store, citing unresolved trading risks. Tourism Momentum: July arrivals nearly doubled year-on-year to 14,913 international visitors, with Indians still the largest share. Digital Governance Dialogue: Bhutan held a high-level dialogue on inclusive digital transformation and responsible digital governance as online services and payments expand.
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