Approval of Bhutan Automatiuon and Engineering Limited as FDI Company

The Royal Government has approved Bhutan Automation and Engineering Limited, a FDI company under exception clause (clause 12) of the FDI Policy 2010.

The FDI Company will be permitted to avail convertible currency to meet its cost of raw materials and Indian Rupee for payment of raw materials and repatriation of dividends for its project with an installed capacity of 40 electrical panels per annum.

The Government has approved the project under exception considering the strategic interest and larger long term benefits the project will provide to the hydropower sector and the national economy.