Several multinational companies, like Tata, Airtel, Lafarge, and Infinity, have shown interest in investing in Bhutan. And others, like Mountain Hazelnut Venture, have already started doing business in our country. So it’s time the government finalized its foreign direct investment policy.
But before finalizing the policy, the government should hold thorough consultations with all stakeholders, particularly the private sector, to ensure that they understand the policy and, more importantly, that they commit to supporting it.
And once the FDI policy is finalized, it should be made public.
Incidentally, the cabinet approved the Economic Development Policy last year. But it is still not available to the public. Instead, just last month the prime minster informed a potential investor that:
Bhutan was finalizing the Economic Development Policy which would spell out the kind of environment in which they can operate.
Transparency is important. And it is especially important where there’s money to be made.