AGP Executive Report
Last update: 8 hours agoHydropower Deal: JSW Energy and Bhutan’s Druk Green Power Corporation (DGPC) signed a shareholders’ agreement to jointly develop the 920 MW Punatsangchhu-III hydro 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 later under the new Income Tax Act. Cross-Border Trade & Retail: A Bhutan study finds 94.9% of Phuentsholing residents shop in Jaigaon for at least some goods, driven mainly by lower prices and wider choice, while local retailers face higher costs and fragmented supply chains. Tourism Momentum: Bhutan’s July 2026 international arrivals nearly doubled to 14,913 (up 98.5% year-on-year), led by India (65.5% of visitors). Local Business Risk Watch: India’s DGFT issued a trade notice advising heightened vigilance over two Bhutan-based firms, Legoy Powersports and Druk A-Z Store, citing unresolved trading risks and lack of response. Digital Governance: Bhutan held a high-level dialogue on inclusive digital transformation and responsible digital governance as public services and payments move online.
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