American Chamber of Commerce interested in doing business with Bhutan

A20 member delegate of American Chamber of Commerce (AMCHAM) operating in India is in the capital to discuss about opportunities and explore potential business sectors that the chamber can invest in.

AMCHAM in India, an association of American business organizations operating in India was established in 1992 and has over 450 members. It promotes activities that encourage and stimulate bilateral trade between India and the U.S., supports business operations of its members, provides a forum for U.S based business organizations in India to discuss and identify common issues and economic and commercial interests in India and the U.S.

AMCHAM invests in the broad-based areas of food and processing, education, medical, infrastructure, energy, services sector and information technology.

Chairman and Managing Director of Accenture Services Pvt. Limited, Avinash Vashistha said the Bhutanese government’s current top priority is stabilizing economic growth but in the next few years there will be growth in the fields of education, medical, infrastructures, food and processing, Information Technology. Therefore, the chamber looks forward to invest in these areas.

He said education is the fastest growing sector and is vital as it has a huge demand but in India global universities are not allowed and so the Education City in Bhutan could tap the opportunities.

On infrastructure front he said there is a lot of requirement for building hotels, airports, roads and houses in Bhutan.

He also talked of the Bell Company, the world largest helicopter manufacturer in the world. PDP (People’s Democratic Party) government pledges to acquire two helicopters which he said was ideal and essential for medical services.

Managing Director of corporate affairs of Accenture, Sanjeev Kumar Gupta said “Bhutan and India have a very strong Government relationship and it’s also the right time to have a sound business to business relationship.”

Secretary General of Bhutan Chambers for Commerce and Industry (BCCI) Phub Tshering said the country is taking its first steps and therefore needs a lot of external assistance and expertise to achieve sustainable economic growth.

The AMCHAM delegates haven’t planned any specific projects as yet but are expected to come up with few initiatives in the next three to four months.

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