AGP Executive Report
Last update: an hour agoRenewables Policy Push: Bhutan’s Ministry of Finance has started implementing the Renewable Energy Tax Exemption Act 2026, offering time-bound exemptions on customs duty, excise tax and GST for approved renewable projects—aimed at cutting development costs and attracting investment toward the 25GW target. Cost of Living Relief: The GST Amendment Act 2026 has expanded tax exemptions on 31 essential items, including key kitchen staples like cooking oils and butter, with the relief applied retroactively from the bill’s passage. Heritage to Income: Bhutan has launched its first four Geographical Indication products—Bumthang Yathra, Bumthang Honey, Dhur-Tandingang Gonthok (buckwheat flour) and Merak-Sakteng Zoetey (fermented yak cheese)—to protect authenticity and improve producer earnings. Power Sector Skills: DGPC, BPC and South Korea’s Hyosung signed a tripartite MoU to strengthen maintenance of GIS systems, including spare parts supply and training/certification for Bhutanese engineers. Urban Resilience Planning: A new geotechnical study is guiding safer, climate-resilient development in Phuentsholing, supported by UNDP and CDRI, with risk-informed planning for key areas like Pekarshing and Ammochhu. Tourism Investment Drive: Gelephu Mindfulness City unveiled a tourism investment programme and forum pitching a portfolio of attractions and activities to invite Bhutanese and international investors. Agriculture Market Access: Tsirang farmers in Thakorling Chiwog now have a dedicated vegetable market facility along the Tsirang–Sarpang highway, built to improve vendor comfort and boost sales. GI & Energy Momentum: Together, the GI launch, renewable tax incentives and power-sector capacity-building point to a wider push to turn Bhutan’s local strengths into investable, income-generating opportunities.
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