Bhutan’s Business Infrastructure Policy and Industrial Parks

Between 2010 and 2018, Bhutan’s economic performance in the real growth of gross domestic product (GDP) was respectable, averaging more than 5 percent a year. This was driven by hydropower, services, and agriculture. However, there is growing press...

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Main Author:	World Bank
Format:	Policy Note
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	INDUSTRIAL PARK SPECIAL ECONOMIC ZONE BUSINESS INFRASTRUCTURE INDUSTRIAL INFRASTRUCTURE FOREIGN DIRECT INVESTMENT BUSINESS ENVIRONMENT VALUE CHAIN
Online Access:	http://documents.worldbank.org/curated/en/473711564641158995/Bhutan-s-Business-Infrastructure-Policy-and-Industrial-Parks http://hdl.handle.net/10986/32295

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recordtype	oai_dc
spelling	okr-10986-322952021-05-25T09:27:10Z Bhutan’s Business Infrastructure Policy and Industrial Parks World Bank INDUSTRIAL PARK SPECIAL ECONOMIC ZONE BUSINESS INFRASTRUCTURE INDUSTRIAL INFRASTRUCTURE FOREIGN DIRECT INVESTMENT BUSINESS ENVIRONMENT VALUE CHAIN Between 2010 and 2018, Bhutan’s economic performance in the real growth of gross domestic product (GDP) was respectable, averaging more than 5 percent a year. This was driven by hydropower, services, and agriculture. However, there is growing pressure to diversify production. Hydropower development will peak by 2023 and is associated with widening current account deficits and the accumulation of public debt. There is a greater need to foster a dynamic private sector and create employment. In this context, Bhutan has recently embarked on a strategy to develop a business infrastructure policy. This is mainly focused on establishing four industrial parks to jump-start investment and developing the management arrangements. These industrial parks would include access to land, infrastructure, and energy sources and be in the south, near the border with India. Drawing on the experiences of other countries, the industrial park policy in Bhutan is based on an overall umbrella of rules on purpose, coverage, policy considerations, existing infrastructure, regulatory and legal framework, and enactment and implementation of legislation. The industries in the parks are envisaged to include wood-based, agriculture-based, and metal-based industries. 2019-08-16T20:51:54Z 2019-08-16T20:51:54Z 2019-06-29 Policy Note http://documents.worldbank.org/curated/en/473711564641158995/Bhutan-s-Business-Infrastructure-Policy-and-Industrial-Parks http://hdl.handle.net/10986/32295 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work South Asia Bhutan
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	INDUSTRIAL PARK SPECIAL ECONOMIC ZONE BUSINESS INFRASTRUCTURE INDUSTRIAL INFRASTRUCTURE FOREIGN DIRECT INVESTMENT BUSINESS ENVIRONMENT VALUE CHAIN
spellingShingle	INDUSTRIAL PARK SPECIAL ECONOMIC ZONE BUSINESS INFRASTRUCTURE INDUSTRIAL INFRASTRUCTURE FOREIGN DIRECT INVESTMENT BUSINESS ENVIRONMENT VALUE CHAIN World Bank Bhutan’s Business Infrastructure Policy and Industrial Parks
geographic_facet	South Asia Bhutan
description	Between 2010 and 2018, Bhutan’s economic performance in the real growth of gross domestic product (GDP) was respectable, averaging more than 5 percent a year. This was driven by hydropower, services, and agriculture. However, there is growing pressure to diversify production. Hydropower development will peak by 2023 and is associated with widening current account deficits and the accumulation of public debt. There is a greater need to foster a dynamic private sector and create employment. In this context, Bhutan has recently embarked on a strategy to develop a business infrastructure policy. This is mainly focused on establishing four industrial parks to jump-start investment and developing the management arrangements. These industrial parks would include access to land, infrastructure, and energy sources and be in the south, near the border with India. Drawing on the experiences of other countries, the industrial park policy in Bhutan is based on an overall umbrella of rules on purpose, coverage, policy considerations, existing infrastructure, regulatory and legal framework, and enactment and implementation of legislation. The industries in the parks are envisaged to include wood-based, agriculture-based, and metal-based industries.
format	Policy Note
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Bhutan’s Business Infrastructure Policy and Industrial Parks
title_short	Bhutan’s Business Infrastructure Policy and Industrial Parks
title_full	Bhutan’s Business Infrastructure Policy and Industrial Parks
title_fullStr	Bhutan’s Business Infrastructure Policy and Industrial Parks
title_full_unstemmed	Bhutan’s Business Infrastructure Policy and Industrial Parks
title_sort	bhutan’s business infrastructure policy and industrial parks
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/473711564641158995/Bhutan-s-Business-Infrastructure-Policy-and-Industrial-Parks http://hdl.handle.net/10986/32295
_version_	1764476232810889216

Bhutan’s Business Infrastructure Policy and Industrial Parks

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