AGP Executive Report
Last update: 5 hours agoGelephu’s Business Upside: The momentum around Gelephu Mindfulness City is already bringing customers and investment interest to local businesses. During the 108-stupa gathering, vendors reported sales well above normal levels, while highway businesses also benefited from increased visitor traffic. Clean-Energy Manufacturing: GMC plans Bhutan’s first battery storage manufacturing and assembly facility, with capacity of up to 10 gigawatt-hours a year. The authority signed a letter of intent with India’s Patel Greentech; the project could create skilled jobs and supply regional customers. Growth Finance: Loden Tewa has launched a concessional loan facility for growing enterprises that struggle to qualify for commercial bank lending. Financial Services: Gelephu’s planned central bank has been cleared to hold crypto in its reserves, part of efforts to build a financial system attractive to investors. Regional Trade: Bhutan–Bangladesh trade has reached US$85 million as both countries seek to make commerce easier.
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