Your next investment destination in a carbon-negative country. October 2018

Transcription

1 Your next investment destination in a carbon-negative country October 2018

2 Table of Contents Bhutan - The Land of the Thunder Dragon Air Connectivity Gross National Happiness Private Sector Development Project Thimphu TechPark Overview Thimphu TechPark at a Glance What Thimphu TechPark has to Offer Incentives for Companies at Thimphu TechPark Bhutan Talent Pool Bhutan Innovation & Technology Centre Bhutan Data Centre services Data for cost of doing business in Bhutan Contacts and Links

3 Bhutan the Land of Thunder Dragon Democratic Constitutional Monarchy Land area: 38,394 sq. km Forest cover: 70.5% Population: 720,679 Overall unemployment rate in 2015: 2.5% Youth unemployment rate in 2015: 10.7% Electricity generation (2010): 6,997.6 MU Per capita income per year: USD 2,152 Economic growth rate: 7-8% (UNDP)

4 Air Connectivity Drukair Route Map Drukair is the national airline of Bhutan and it flies to the destinations given in the map above. A second international airline, Bhutan Airlines, started operations from Bhutan in 2013 and flies to most of the above destinations too.

5 Gross National Happiness Thimphu TechPark aspires to uphold the principles of GNH, the development philosophy of Bhutan, for the well-being and benefit of all stakeholders Sustainable Development Cultural Values Good Governance Natural Environment Psychological wellbeing Time Use Ecological Diversity Health Good Governance Resilience Education Community Vitality Living Standards 4 Pillars & 9 Domains of GNH

6 Private Sector Development Project Thimphu TechPark, Bhutan s first IT Park, is one of the three main components of Bhutan Private Sector Development Project initiated in 2009 with support from the World Bank. IT Park Infrastructure Phase I (Thimphu TechPark) Completed on 30 th April 2012 Skills development program trained 1300 youths in IT & ITES Sector Strengthening the financial sector through IT investmentsestablished inter Bank Electronic Fund Transfer Clearing System (EFTCS)

7 Thimphu TechPark Overview Office premises Full commercial leases Shared Technology Business Incubation Flexible occupation structureleases or licenses,long or short term, serviced office style or traditional warm shell World class Tier II Centre Equipped to host/co-locate systems Centralized authentication system Wired café Training rooms Cisco Telepresence Conference room Office rental services Business services Overseas Expert Program

8 Thimphu TechPark at a Glance

9 What Thimphu TechPark has to Offer Redundancy in mains and backup power, with power available at under 30% of the cost in other parts of the region. High-capacity dual feed internet connectivity through redundant optical fibre connectivity (cost to be at par with India). High quality English speaking talent pool available for the IT / ITES and BPO sectors. Flexible occupation structures - leases or licences, long or short term. Has a mixed-use Incubation Centre as part of Bhutan Innovation and Technology Centre

10 Incentives for Companies Support from the Ministry of Labour & Human Resources for training and recruitment of new employees in Bhutan. Minimum investment required may be exempted as per the new Economic Development Policy A tax holiday of five years to the IT/ITES businesses operating within the IT Park and with 80% Bhutanese workforce. Import of capital goods forming direct inputs for the IT/ITES companies in the IT Park shall be exempted from customs duty and sales tax. Lower cost of Internet connectivity as compared to outside the IT Park. Availability of low cost stable green power at only Nu per unit (1 USD is about Nu. 70 as of October 2018) Office space rent is reasonable at only Nu. 27 per sq ft of built up area. 100% foreign equity participation shall be permitted for the IT/ITES companies in the IT Park.

11 Bhutan - Talent Pool Sl. No. Content Number 1 Average No. of new university graduates (Bhutanese) entering the job market annually Total No. of BCA and BSc (IT) Graduates in No. of students who appeared for their Class 12 (final year of high school) Exams in 2014 (Kuensel 4 Feb. 2014) No. of Students who appeared for Class X Final Exams in 2014 (Kuensel 10 Feb. 2015) Projected No. of Class X and XII students entering job-market as job-seekers (2012) No. of Candidates registered for employment at the IT Park in 2012 No. of people trained by MoLHR for IT & ITES Sector 10,847 11,655 9,420 1,358 1,300

12 Bhutan Innovation & Technology Centre Shared Technology Centre (Conference room) Business Incubation Centre Data Centre Services

13 Plug and Play Workspace at BITC Workstation Manager s Cubicle BITC is a great place to start a pilot operation in Bhutan. Workstation: Only Nu. 2200/- per month inclusive of electricity and wi-fi Internet. (1 USD = Nu. 70 as of October 2018). Manager s cubicle: Only Nu. 3500/- per month inclusive of electricity and wi-fi Internet.

14 Data Centre Services Thimphu TechPark houses a Tier II Data Centre which is fully operational Users: Government, Thimphu TechPark occupiers and third party commercial users Designed and built to a Tier II Data Centre as classified by TIA 942/2005 Upgradable to Tier III, based on demand for such services Equipped to host/co-locate systems (e.g. Web Servers, Application Servers, Database Servers, SAN, and NAS etc.) to host applications and to use the centralized computing power. Centralized authenticating system to authenticate the users to access their respective systems depending on the authentication matrix

15 Data for Cost of Doing Business in Bhutan Average salary of university graduate: Nu. 15,000 to Nu. 20,000 per month (1 USD = Nu. 70 as of October 2018) Average salary of high school graduate: Nu. 10,000 to Nu. 15,000 per month Office space rental: Nu. 27 per sq ft per month Low cost plug & play workstations to start a pilot operation Electricity cost: Nu per unit Internet leased line cost: Nu per Mbps per month You can incorporate a company in Bhutan in less than a month if you provide all documents in time. Refer for detailed steps on FDI company incorporation. Or CEO of Thimphu TechPark at tcd@thimphutechpark.com

16 Contacts and Links Dr.Tshering Cigay Dorji Chief Executive Officer Thimphu TechPark Ltd. Ph Mr. Tashi Tshering Chief Executive Officer Data Centre Services Ph Useful Links: Mr. Jigme Thinley Namgyel, Director General Department of IT & Telecom Ministry of Information & Communications - Ph Thimphu TechPark: Bhutan Innovation and Technology Centre : Data Centre Services : Department of IT and Telecom: Information on Bhutan's macroeconomic policies:

17 Thank you for your interest and attention Picture below: Second IT Park building to be completed in June 2019