AGP Executive Report
Last update: 5 hours agoRegional Investment: Bhutan and Thailand are seeking closer economic ties, with Thai firms encouraged to explore investment in Gelephu Mindfulness City (GMC), renewable energy, tourism and services. A proposed 100-megawatt agrivoltaic project is among the areas of cooperation, while the countries’ free-trade agreement is expected to take effect in January 2027. Gelephu Businesses: GMC’s growing profile is opening opportunities for local firms in accommodation, food, transport, retail and construction. A major gathering in Gelephu brought a sharp, if temporary, sales boost to vendors and roadside businesses. Clean-Energy Manufacturing: GMC has signed a letter of intent with India’s Patel Greentech for Bhutan’s first battery-storage assembly and manufacturing facility, with planned annual capacity of up to 10 gigawatt-hours and potential regional sales. Business Finance: Loden Tewa has launched a concessional loan facility aimed at growing enterprises that have outgrown start-up grants but struggle to qualify for commercial bank loans. Financial Sector: Gelephu’s planned central bank has been cleared to hold cryptocurrency in its reserves, part of GMC’s ambition to build a new financial system.
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