Better Business Summit knocks Bhutan’s door

Bhutan will host the Better Business Summit themed, “ Competitiveness through Collaboration”, for the first time, from 26-28 March in Thimphu.

It is the first public-private dialogue of its kind in Bhutan. The theme for the summit, this year, takes aim at collaborative solutions to three sets of challenges, which are economic competitiveness, promotion of entrepreneurship and employment and ensuring a green economy.

It will provide value to leaders from Bhutan and to those who see Bhutan as an important and sustainable investment opportunity.

The summit comes in just as Bhutan is beginning its 11th FYP and has a new economic stimulus plan and is reviving the business opportunity and information center.

These ambitious activities are expected to help reduce unemployment, promote entrepreneurship, reduce economic vulnerabilities and achieve sustainable economic growth. The summit will provide a platform for dialogue, transparency and stakeholder engagement on such critical issues.

The summit will also bring together top leaders from business, government and international organizations to explore challenges and design solutions to business-related issues such as entrepreneurship, private sector growth and investment as it is in Bhutan’s growing economy. This will help demonstrate the importance of collaboration between the government and business to create an enabling environment for the private sector to be engine of growth of the economy.

Sharing his view about the summit, the Prime Minister Lyonchhen Tshering Tobgay, in a press release said, “As a nation, we seek to increase exports of Bhutanese goods and services as well as foreign investment in Bhutan, the Better Business Summit will allow the government to show the private sector and the world that we mean business through better policies and increases competiveness.”

The Chairperson of Druk Holding and Investments (DHI), in a press release said, “DHI is pleased to be a co-organizer for the first ever Better Business Summit. This event is expected to set an excellent precedence for public-private collaboration and it is a demonstration of DHI’s commitment to strengthening private sector development in Bhutan,” the press release states.

The Joint Secretary of Ministry of Economic Affairs stated, in a press release, that Bhutan welcomes the opportunity to use the Better Business Summit to engage proactively and practically with the private sector and create a more business friendlyenvironment.

Private sector is also welcomed the summit and sees it as a meaningful engagement on core policy issues related to economic development. President of the Bhutan Chamber of Commerce and Industry, Ugen Tsehchup Dorji, in a press release said, “Only through open dialogue and a better enabling environment, can we create a more competitive environment for business.”

Over 150 leaders from Bhutan and across the globe will meet at the summit. Interactions amongst top leaders from business, government and international organizations will be conducted through a mix of facilitated workshops, panel discussions and televised debates during the summit.

The Government of Bhutan, DHI and the BCCI are the organizers of the summit. Asian Development Bank and World Development Bank have funded the summit.

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