South Asian Business news and information

Kuensel Online reports:

Saint Gobin ceramics materials Bhutan ltd, a joint venture of Singye group of companies and Grindwell Norten ltd, India, is the biggest venture in terms of cost of setting up the project.

Hotel services like Bhutan eco ventures ltd, a joint venture of HPL leisure ventures pvt ltd, Singapore (60 percent) and Bhutan international company (40 percent) and Bhutan resorts corporation ltd., a joint venture of Aman resorts group (60 percent) and Bhutan tourism corporation ltd (40 percent), have been operating actively for some years now. The high-end resort joint ventures were approved even before an FDI policy was hammered out.

Bhutan health food products pvt ltd, which manufactures speciality fats, is a joint venture of Health food products pvt ltd from Sri Lanka (60 percent), HFP health food products pvt ltd from India (10 percent) and Rabten engineering workshop (30 percent). The project based in Pasakha began production in mid-2007 and produces a type of oil used in bakery units.

The G4S security services is a joint venture undertaken by Group 4 holding A/S from Denmark and Chundu enterprises with equal holdings.

Bhutan’s chief industrial officer, Loknath Chagpai told that the activation of the four new projects will create 2218 new jobs.

According to Bhutan’s FDI policy, foreign investors are allowed 70 percent share of the company. The minimum investment amount is $1 million. Bhutan’s rich natural resource and cheap energy tariff have attracted foreign investors to the country. 

Related article:

Kuensel Online