Bhutan

Bhutan's largest export market, the biggest source of its imports and one of the top foreign investors in the country

Last updated: March 11, 2024
  • overview
  • strengths
  • Bilateral Agreements
  • bilateral trade
  • agencies
  • Indian Mission

US$ 545.04 is value of Bhutan's imports from India in 2021-22

Bhutan was the first country to receive the Made in India Covishield vaccines under Ministry of External Affairs Vaccine Maitri Initiative

Approximately 4000 Bhutanese are studying in Indian Universities at any time

India is implementing 82 PTA Projects and 524 HICDPs in Bhutan

7.4%
Expected growth in 2020

US$ 1,083.32mn

Bilateral trade value in 2020-2021

60,000
Overseas Indians living in Bhutan

INR 4500 crores India's assistance package for the 12th Five Year Plan

Hydropower projects

providing inexpensive, clean electricity to India, and generating export revenue

Tourism

potential through its pristine, untouched environment and their Gross National Happiness philosophy as an attraction

Agriculture

FDI in organic farming, poultry and dairy farming, floriculture and biotech

Construction

is booming due to rapid urbanization, particularly around Thimphu and Bhutan's hydropower projects

India-Bhutan Bilateral Relations

Diplomatic relations between India and Bhutan were established in 1968, following the Treaty of Friendship and Cooperation being signed in 1949 between the two countries, and revised in 2007.
State Visit of Prime Minister of India to Bhutan

Memoranda of Understanding/ Agreements were exchanged during the visit between Department of Information Technology and Telecom of RGoB and Indian Space Research Organisation.

State Visit of Prime Minister of Bhutan to India (December 28, 2018)

During the visit, the representatives discussed the Implementation of ongoing bilateral hydro-power projects in Bhutan. The commitment to jointly develop 10,000 MWs of hydropower generating capacity in Bhutan and in this regard discussed the Sankosh Hydropower Project.
Launch of the Indo-Bhutan e-library

Integrated by the Centre for Development of Advanced Computing (C-DAC), the proposed e-Library will facilitate the setting up of digital infrastructure in 12 colleges and 49 central schools across all Dzongkhags.

MoU between India and Bhutan in Environmental Collaboration

The MoU will facilitate mutual cooperation in chemical management, climate change and water management for a period of ten years. Participants across the private and public sectors in addition to members of academia will be identified for engagement.

Telephone Conversation between the Prime Ministers of India and Bhutan

During the conversation, the Heads of State committed to sustain bilateral initiatives in fighting the COVID-19 pandemic.

Launch of RuPay card Phase -II

The launch of RuPay Phase-II will allow users access to PoS terminals and ATMs in both nations.

India's Exports and Imports to Bhutan

Source: Department of Commerce

Bhutan Chamber of Commerce & Industry (BCCI)

+975 2 322742 / 324254

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P.O. Box # 147 Doybhum Lam - Chubachu, Thimphu, Bhutan

Embassy of India, Thimphu

(+975) 2 322162

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India House Estate,Jungshina, Thimphu, Bhutan

Commercial Representative

(+975) 2 323227

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Second Secretary (Political & Economic)

Opportunities

Agricultural exports

Priority Sectors

Here are the leading sectors of opportunities for foreign investors

Agriculture
Automobile
Chemicals
Electrical Machinery
Electronic Systems
Renewable Energy
Thermal Power
Tourism

Top Import/ Export Items

India's top import from Bhutan
  • Electricity
  • Ferro-silicon
  • Portland cement
  • Carbides of calcium carbides of silicon
  • Cement clinkers
  • Dolomite
  • Timber and wood products
  • Potatoes
  • Cardamom
  • Fruit products
India's top export to Bhutan
  • Mineral products
  • Machinery and mechanical appliances
  • Electrical equipment
  • Base metals
  • Vehicles
  • Vegetable products
  • Plastics and articles

Bilateral Investors

SJVNL Ltd

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