Saturday, June 7, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

Government unveils plans to boost private sector growth

December 9, 2024
in Economy, Other Stories
Reading Time: 2 mins read
0
0
SHARES
264
VIEWS
Share on FacebookShare on Twitter

During Friday’s Meet the Press session, the industry, commerce, and employment minister outlined a series of initiatives to support the growth of the country’s private sector. In response to a question about boosting the stagnant private sector, he explained that the government is actively working to address key challenges, including access to finance, regulatory obstacles, and human resource shortages.

Namgyal Dorji, the minister spoke about the private sector’s reliance on banks for financial support and said the government is exploring alternative funding sources. He also talked about how, as part of the Economic Stimulus Programme, concessional loans are available for small and medium industries, while re-invigoration funds target larger industries recovering from the pandemic.

“To address challenges with regulatory environment, the government conducted a comprehensive review of business regulations. The findings are now under discussion, and we are identifying practical and effective solutions to overcome these challenges.”

The minister said the government is supporting startups to aid their growth. He also said initiatives are taken to address the shortage of skilled workers in technical and specialised fields.

“Our country is in need of technical and specialised skills. Currently, many of these positions are filled by individuals from other countries. However, the Ministry of Industry, Commerce and Employment, along with the Ministry of Education and Skills Development, has engaged with training centres nationwide and developed plans to address this gap.”

The minister pointed out a “missing link” between technical training and employment, which the government is working to bridge.

He also said that international organisations such as the World Bank are supporting Bhutan’s private sector. He urged the private sector to take an active role, saying that while the government is providing support, businesses must contribute to their own growth.

Karma Samten Wangda

Edited by Kipchu 

Previous Post

National Assembly urges to increase student admissions at RUB Colleges

Next Post

Delayed winter crop cultivation in Punakha’s Bjimithang Chiwog due to water shortage

Next Post
Delayed winter crop cultivation in Punakha’s Bjimithang Chiwog due to water shortage

Delayed winter crop cultivation in Punakha's Bjimithang Chiwog due to water shortage

Expert consultation underway to assess WTO memberships

Expert consultation underway to assess WTO memberships

National Education Policy 2024 submitted to Cabinet

National Education Policy 2024 submitted to Cabinet

RECOMMENDED NEWS

Slow progress at Dhamdum Industrial Park in Samtse

Slow progress at Dhamdum Industrial Park in Samtse

1 year ago
124

Domestic airports to be ready by December

14 years ago
1
Bhutanese youth learn from NBA veteran Jason Collins in two-day basketball clinic

Bhutanese youth learn from NBA veteran Jason Collins in two-day basketball clinic

7 months ago
126
His Majesty grants land kidu to Trong’s residents

His Majesty grants land kidu to Trong’s residents

9 years ago
7

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (426)
  • Announcement (174)
  • Audience Survey Report (1)
  • Business (744)
  • Crime/Legal (367)
  • Culture (47)
  • Development (51)
  • Disaster (57)
  • Economy (277)
  • Education (412)
  • Entertainment (13)
  • Environment (60)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (6)
  • Health (622)
  • Legal (52)
  • Literature (9)
  • Livestock (75)
  • Media (25)
  • Other Stories (5,574)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (709)
  • Social (515)
  • Sports (449)
  • Technology (190)
  • Tourism (19)
  • Uncategorized (13,866)
  • Video (136)
  • Video Story (249)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • RMA to roll out seven new measures for loan repayment support
  • National Housing Strategy to be ready by September
  • Bhutan begins NFT sales, to preserve heritage
  • City bus viability raised in parliament, MoIT minister cites past privatisation failures
  • Paro MP questions airport expansion impact on affected landowners

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.