‘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.