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Economy of Bhutan and business opportunities

Economy of Bhutan

The economy of Bhutan, one of the world's smallest and least developed countries, is based on agriculture and forestry, which provide the main livelihood for more than 60% of the population. Agriculture consists largely of subsistence farming and animal husbandry. Rugged mountains dominate the terrain and make the building of roads and other infrastructure difficult and expensive.

The economy is closely aligned with India's through strong trade and monetary links and dependence on India's financial assistance. Most production in the industrial sector is of the cottage industry type. Most development projects, such as road construction, rely on Indian migrant labor. Model education, social, and environment programs are underway with support from multilateral development organizations.

Each economic program takes into account the government's desire to protect the country's environment and cultural traditions. For example, the government, in its cautious expansion of the tourist sector, encourages visits by upscale, environmentally conscientious tourists. Detailed controls and uncertain policies in areas such as industrial licensing, trade, labor, and finance continue to hamper foreign investment. Hydropower exports to India have boosted Bhutan's overall growth, even though GDP fell in 2008 as a result of a slowdown in India, its predominant export market.

Bhutan's hydropower potential and its attraction for tourists are key resources. The Bhutanese Government has made some progress in expanding the nation's productive base and improving social welfare. Model education, social, and environment programs in Bhutan are underway with support from multilateral development organizations. Each economic program takes into account the government's desire to protect the country's environment and cultural traditions. For example, the government, in its cautious expansion of the tourist sector, encourages visits by upscale, environmentally conscientious tourists. Detailed controls and uncertain policies in such areas as industrial licensing, trade, labor, and finance continue to hamper foreign investment.

In 2004, Bhutan became the first country in the world to ban smoking and the selling of tobacco.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Bhutan"

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This section contains economy and business opportunities and from Bhutan.
Bhutan Economy Bhutanese Economy, business opportunities in Bhutan.
Summary:
Individual Bridge or Structural Specialist Consultant
Country:
Bhutan
 
Notice Type:
Tender Notice
Deadline:
19 Apr 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Construction Of 30& 25M Tower Foundation As Package 1(Rcp Vii)
Country:
Bhutan
 
Notice Type:
Tender Notice
Deadline:
26 Apr 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Laying Of Hdpe Pipe At Nppf Colony
Country:
Bhutan
 
Notice Type:
Tender Notice
Deadline:
26 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Laying Of Hdpe Duct At Nhdcl Colony Changjiji
Country:
Bhutan
 
Notice Type:
Tender Notice
Deadline:
26 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Construction Of 30M
Country:
Bhutan
 
Notice Type:
Tender Notice
Deadline:
18 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Procurement Of Storage & Backup Solution With Additional Network Equipment
Country:
Bhutan
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Provision of R & M of Buildings under ESD, BPC, Gelephu (Civil Works)
Country:
Bhutan
 
Notice Type:
Tender Notice
Deadline:
29 Mar 2024
Posting Date:
23 Mar 2024
 
 
 
Summary:
Construction of RCC Wall at Tower Location No. MG-I- 046 at Reutala, Trongsa.
Country:
Bhutan
 
Notice Type:
Tender Notice
Deadline:
03 Apr 2024
Posting Date:
23 Mar 2024
 
 
 
Summary:
Provision of Right of Way (RoW) Clearing under ESD Dagana (Electrical Works)
Country:
Bhutan
 
Notice Type:
Tender Notice
Deadline:
28 Mar 2024
Posting Date:
23 Mar 2024
 
 
 
Summary:
Construction Of Tower Foundation At Gangadung & Bumdeling And Monopole Foundation At Gomakora
Country:
Bhutan
 
Notice Type:
Tender Notice
Deadline:
05 Apr 2024
Posting Date:
21 Mar 2024