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‘GELEPHU SMART CITY IS A LIFETIME OPPORTUNITY’

Why in the news?

The country’s plans for an economic stimulus program funded by India, and the development of the Gelephu Mindfulness City project.

Source-TH

About the News :

Bhutan’s economic challenges, the country’s plans for an economic stimulus program funded by India, and the development of the Gelephu Mindfulness City project is the focus.

Key Points

• Economic Stimulus Program:

• • Bhutan will use ₹1,500 crore from the ₹10,000 crore promised by Prime Minister Narendra Modi for an Economic Stimulus Program.
  • The program aims to address slow growth, a tourism downturn, and unemployment.

• Challenges and Growth:

• • Manufacturing has always been small but remains steady.
  • Efforts are focused on reviving tourism to pre-pandemic levels.
  • Infrastructure will receive significant investment from the additional outlay.

• Gelephu Mindfulness City:

• • Project envisioned by King Jigme Khesar.
  • Attracting global interest and investments, especially from India.
  • Situated on the India-Bhutan border, facilitating economic integration with South and Southeast Asia.

• Gelephu Airport Development:

• • Indian Airport Authority officials have discussed expansion plans.
  • Airport project is in the design phase, with construction bids to follow.

• Diplomatic Visits:

• • Bhutanese Prime Minister plans to visit Delhi after Indian elections to congratulate the incoming Prime Minister.