Indian Industry

Country Profile

Bhutan
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The landlocked nation located in the ad mist of the eastern end of himalaya mountains, bhutan is bounded by india from its south, east and west sides. China bordered the nation from its north direction. It is characterized as one of the most isolated country in the world. The nation is the member of the South Asian Association for Regional Cooperation(SAARC). Home to around 682,321 people, bhutan is vested on total 47,000 sq km area. Agricultural sector is the major GDP contributor followed by service and industry sectors.

Snapshot

Official Name - Kingdom of Bhutan
Capital City - Thimphu
Type of Government - Democracy, Constitutional Monarchy
Currency - Ngultrum (BTN)
Fiscal Year - 01 July - 30 June
Official Language(s) - Dzongkha
Local Time - BTT (UTC+6:00)
International Dialling Code - +975
Internet Domain - .bt
Major Towns/Cities - Timphu,Phuntsholing, Punakha, Samdrup Jongkhar, Geylegphug, Paro, Trashigang
Major Industries - Cement, Wood Products, Processed Fruits, Alcoholic Beverages, Calcium Carbide, Tourism
Major Trading Partners - India, Bangladesh, Japan, Singapore
Double Taxation Treaty with India - No



Economic Overview
  • One of the smallest economy in the world.
  • Agriculture based economy which is generated employment for half of the population.
  • Renewable natural resource sector which includes forestry, livestock, logging etc is the major GDP contributor.
International Trade

Major Export Items
Electricity, Cardamom, Gypsum, Timber, Handicrafts, Cement, Fruit, Precious Stones, Spices

Main Destinations of Exports
India, Hong Kong, Thailand

Major Import Items
Fuel and Lubricants, Grain, Aircraft, Machinery and Parts, Vehicles, Fabrics, Rice

Main Origins of Imports
India, Japan, Germany

Contacts of Trade Ministries/ Associations

Bhutan Chamber of Commerce & Industry Bhutan Export Promotion Centre State Trading Corporation of Bhutan
Post Box 147, Doebum Lam
Thimphu
Bhutan
Tel.: +(975)-(2)-322742/324254
Fax: +(975)-(2)-323936
E-mail: bsdbcci@druknet.bt

P.O. Box 141
Thimphu
Bhutan
Tel.: +(975)-(2)-322407
Fax: +(975)-(2)-321338
E-mail: bepc@druknet.net.bt

P.O. Box 76 Phuentsholing
Bhutan
Tel.: +(975)-(5)-252286
Fax: +(975)-(5)-252619
E-mail: stcbl@druknet.net.bt


Business Visa Rules
  • Passport with 6 months validity. It should have at least 1 blank page.
  • Visa application form duly filled and signed.
  • 4 passport size recent photographs.
  • Proof of departure like copy of travel itinerary or return ticket is required to be submit.
  • Letter of invitation from the company or business associate which is situated in bhutan.
  • If the trip is sponsored by the company then the applicant is needed to give letter written on the company's letterhead in reference to it. It should be signed by an authorized person other than the applicant itself.
Business Hours

Offices:   Monday to Friday from 09:30 - 16:00 for November to March and 09:00 - 17:00 for rest of the months.
Banks:    Monday to Friday from 09:00 - 15:00 and Saturday 09:00 - 11:00

Public Holidays

Festival Date
Independence Day August 08
Birthday of HM Jigme Singye Wangchuck November 11,12,13
National Day of Bhutan December 17
bhutan


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