India - Bhutan Business and Cultural Council

Bhutan, a landlocked country in South Asia, is known for its stunning landscapes and commitment to Gross National Happiness. It features majestic monasteries, traditional culture, and is bordered by China and India. Its capital is Thimphu.

Ambassador and Consul General

Global India Business Forum presented Honorary membership to the Ambassador of Bhutan Mr. V. Namgyel. We had a fruitful discussion to collaborate GIBF and Bhutan to explore different business opportunities and trade between two countries. Global President - GIBF Dr. Jitendra Joshi and Director - Global Coordinator Deepali Gadkari attended the meeting.

Electricity (to India), ferrosilicon, cement, cardamom, calcium carbide, steel rods/bars, dolomite, gypsum

Fuel and lubricants, airplanes, machinery and parts, rice, motor vehicles

ABOUT BHUTAN

Officially known as the Kingdom of Bhutan, Bhutan is a landlocked country in the Eastern Himalayas. It is also known as “Drak Yul” which translates to “The land of the Thunder Dragon”. It is heavily influenced by Tibetan culture and Buddhism. It is located between India and Tibet and is in close proximity to Nepal and Bangladesh but does not send a land border. Their population is over 754,000 and has a territory of a territory of 38,394 square kilometers. It is a constitutional monarchy and Vajrayana Buddhism is the state religion.

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BUSINESS OPPORTUNITIES in Bhutan

BUSINESS OPPORTUNITIES IN BHUTAN

Bhutan offers a unique landscape for entrepreneurs. Traditional sectors like agriculture, tourism, and hydropower hold promise for value-added products, eco-tourism experiences, and supporting industries. Emerging sectors like IT, education, and healthcare present opportunities in software development, private schools, and wellness centers. However, success hinges on alignment with Bhutan's Gross National Happiness philosophy, understanding local regulations, thorough market research, and a strong commitment to sustainability. Areas like organic farming, boutique hotels, IT services, and vocational training can be particularly lucrative when executed in harmony with Bhutan's cultural and environmental values.

Exports and Imports in Bhutan

Overview In 2022 Bhutan was the number 177 economy in the world in terms of total exports and the number 176 in total imports.

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Top Exports of Bhutan

The top exports of Bhutan are Ferroalloys ($251M), Dolomite ($46.6M), Gypsum ($15.4M), Cement ($15.1M), and Electricity ($9.53M), exporting mostly to India ($343M), Italy ($18.5M), Nepal ($7.44M), Colombia ($7.42M), and Singapore ($4.58M).

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Top Imports of Bhutan

The top imports of Bhutan are Computers ($149M), Refined Petroleum ($141M), Other Electrical Machinery ($68M), Coke ($48.3M), and Wood Charcoal ($45.2M), importing mostly from India ($1.01B), China ($165M), Indonesia ($67.5M), Thailand ($24.7M), and Singapore ($17M).

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Global India Business Forum - Brochure

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