The Kuensel News, 5 May 2008
FDI projects in Bhutan
Since the foreign direct investment (FDI) policy became operational on July 1, 2005, eleven projects worth US$ 57.595 million (Nu 2,298.41 million), mostly in the manufacturing sector, have been approved of which some are still under construction.According to records maintained by the ministry of economic affairs, the overall shareholding pattern is 67.48 percent by foreign partners and 32.52 percent by local companies. Bhutan's FDI policy allows a maximum of 70 percent holdings by foreign companies and a minimum investment of US $ 1 million.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. ...