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Bhutan Power Corporation Limited (BPC) was formed as an offshoot of the erstwhile Department of Power, the then Ministry of Trade and Industry and was launched as Public Utility Company on 1st July 2002 with an objective that the corporatization of the utility functions would lead to greater efficiency and better delivery of electricity supply services in the power sector.
Later, the Ownership was transferred to Druk Holding and Investment Limited (DHI), the commercial arm of the Royal Government of Bhutan, established in 2007 upon issuance of Royal Charter in 2007.
For more information, please visit www.bpc.bt
BTL came into existence on 1st July, 2000 as a fully state-owned company, with the corporatization of the erstwhile Department of Telecommunications which was established in 1970. The first rudimentary works in building a telecommunication network in the country was taken up in 1963 to aid development works of the First Five Year Plan for modern economic development of the country. Since then, BTL has come a long way from its humble beginnings and today boasts of a fully digital microwave and optical fiber backbone network covering the length and breadth of the country.
For more information, please visit www.bt.bt
Construction Development Corporation Limited came into existence out of a decision of the RGOB to corporatize the Mechanical Division of the Department of Roads under the Ministry of Works and Human Settlement. The Division got separated from the Department and started functioning as a self sustaining commercial unit from 1st July 2006. Currently CDCL has one operational stone quarry at Kilikhar, Mongar with installed production capacity of 80,000 cum of stone aggregate per annum and one surface collection project at Goiree. Proposal for setting up two more quarries and crushing units at Mangdechu and Mukajore and are under process.
For more information, please visit www.cdcl.bt
Founded in 1981, ten years after Druk Gyalpo Jigme Dorji Wangchuck gradually began to open up the kingdom from self-imposed isolation, and seven years after welcoming its first foreign visitors, the airline commenced operations in 1983 with flights from Kolkata to Paro utilising Dornier 228 aircraft. A switch to BAe 146-100 equipment occurred in November 1988, and in order to meet increased demand, those aircraft were replaced in 2004 with two Airbus A319s. Drukair operates a modest scheduled flight network within the South Asian and Southeast Asian region from its base at Paro Airport and currently serves thirteen destinations in six countries.
For more information, please visit www.drukair.com.bt
Druk Green aims to promote, develop and manage renewable energy projects, particularly hydropower, in an efficient, responsible and sustainable manner, and to maximize wealth and revenue of the nation. Druk Green is set to further grow through the amalgamation of other projects and undertaking new projects on its own or through joint venture with private and public partnerships. The total installed capacity of Druk Green stands at 1,488 MW at present, as against a target of 10,000 MW to be achieved by 2020.
For more information, please visit www.drukgreen.bt
Koufuku International Limited (KIL) started its manufacturing operations in 2015 and commenced processed cheese processing in April, 2019. The company is the only manufacturing entity in Bhutan that produces processed cheese with natural gouda as main component of ingredients under flagship brand of “Druk Zambala Cheese”. The Druk Zamabala Cheese due to its distinct savory flavour of natural gouda brings a good choice for Bhutanese cuisine, particularly for making Bhutanese “Ema Datsi” and has become the preferred cheese in Bhutan.
For more information, please visit https://kil.bt/
Pharmacy Unit has come a long way since 1968 when traditional medicines was started at Dechenchholing and manufactured manually without proper manufacturing facilities. The Pharmacy unit was then renamed as Pharmaceutical & Research Unit (PRU) with basic laboratory services such as quality control and Research & development to ensure safe, effective and quality production of traditional medicines. PRU was renamed as Menjong Sorig Pharmaceuticals and was functioning directly under the Department of Traditional Medicine Services, Ministry of Health until it’s corporatization in January 2017.
For more information, please visit http://www.mspcl.bt/
In 1996, BLC was upgraded to Forestry Development Corporation Limited (FDCL) and entrusted with commercial mandates. In November 2007, FDCL was restructured as Natural Resources Development Corporation Limited (NRDCL) as per the Executive Order of the Prime Minister vide letter No PM/01/07/571 dated 7th November 2007 with mandate to manage sand, stone and other natural resources in addition to timber. NRDCL is owned by Druk Holding and Investments (DHI), which is a 100% Government owned Investment Company and is governed by the Articles of Incorporation under the revised Companies Act of the Kingdom of Bhutan 2000.
For more information, please visit www.nrdcl.bt
The formation of the State Mining Corporation Limited (SMCL) is a noble initiative of the Royal Government of Bhutan after the government identified mining sector as one of the five jewels to strengthen our economy. After months of ground work and discussions amongst MoF, MoEA and DHI, the government finally decided to place the SMCL under DHI as its 100% subsidiary. The MoEA handed over the Company to DHI on 31st December 2014 during which the company also obtained its certificate of registration. One of key objectives/mandates of the SMCL is to carry out exploration and mining of strategic minerals including phyllite for export.
For more information visit https://www.smcl.bt/
Thimphu TechPark (TTP) is the flagship IT development in the Kingdom of Bhutan. Thimphu TechPark Pvt. Ltd (TTPL) was duly incorporated under the Companies Act of the Kingdom of Bhutan 2000 on 24 August 2009 to undertake the IT Park Project as a developer. DHI assumed full ownership of TTPL and changed its name to Thimphu TechPark Limited retaining the same acronym ‘TTPL’ after APG decided to exit from the partnership and transferred its shares to DHI on 29th October 2014.
For more information, please visit https://thimphutechpark.bt/
Established by a Royal Charter in May 1968, Bank of Bhutan (BoB) is the oldest bank in the country. Registered under the Companies Act of the Kingdom of Bhutan 2000, as a public sector commercial bank, it was the country’s only banking institution until 1997. Today, BoB has the distinction of being the largest commercial bank in Bhutan, making its presence felt in every Dzongkhag, and Major Township through a network of 47 branch offices. With the adoption of Core Banking Solution in 2009, banking operations were automated. This saw the emergence of ATMs, Internet Banking, POS and Mobile & Agency Banking Services as alternate channels to deliver banking services.
For more information, please visit www.bob.bt
Emanating from the royal vision, the Dungsam Cement Corporation Limited started in 1982 as a Dungsam Cement Project office but due to so many challenges and obstructions, particularly the security concerns, it had to remain on hold for more than two decades. Located in the country’s eastern region of Dungsam Pemagatshel, under Nganglam Dungkhag, the cement plant has an installed capacity to produce 3,000 MT of clinker and 4,130 MT of cement a day making it the largest cement manufacturing industry in the country and one of the largest in the region.
For more information, please visit www.dccl.bt
The Dungsam Polymers Limited (DPL) is a manufacturing company of Poly woven bags, which was established on August 12, 2010, under the Companies Act of the Kingdom of Bhutan, 2000, as one of the companies of Druk Holding & Investment (DHI). Initially, the company was established with the total equity from Druk Holding & Investments Limited (DHI) and later it was divested by floating the Initial Public Offering (IPO). The company was listed in Royal Security Exchange of Bhutan (RSEBL) on August 2, 2013. Subsequently, DPL has become DHI controlled company with 51% share owned by DHI and 49% owned by the public.
For more information, please visit www.dpl.bt
State Trading Corporation of Bhutan Limited was established in 1968 by the Royal Government of Bhutan (RGoB), under the administrative control of the Ministry of Trade and Industry. The corporation was primarily established to assist various government departments to procure essential commodities from India and few special commodities abroad. Being well established and a formidable organization, on April 1984, STCBL was declared an autonomous body. Today STCBL is the only state owned enterprise into trading and a subsidiary company of the Druk Holding and Investments (DHI).
For more information, please visit www.stcb.bt
The Azista Bhutan Healthcare Limited (ABHL) is a Joint Venture Company of Azista Industries Pvt. Ltd., Hyderabad, India and Druk Holding and Investments Ltd., RGoB, Bhutan. ABHL is setting up a full- fledged pharmaceutical plant at Motanga Industrial Park, Samdrup Jongkhar to manufacture, package and distribute wide range of prescription medicines under the brand Azista Bhutan. Such facility would be first of its kind in Bhutan that would manufacture, package and distribute allopathic drugs. The construction of the ABHL’s pharmaceutical plant on plot nos. M-22 & M-25, having the total land area of 3.56 Acres, at Motanga Industrial Park, Samdrup Jongkhar, is under good progress.
For more information, please visit http://www.azistabhutanhealthcare.com/
Bhutan Board Products Ltd (BBPL) is a Royal Government of Bhutan undertaking incorporated under the Companies Act of the Kingdom of Bhutan, set up in 1982 is one of the biggest manufacturing industries in the Country. Today, BBPL is a separate entity with its own set of Service Rules, and with a mandate to maintain the pristine environment of the Country. Its stakeholders comprise of Royal Government of Bhutan, financial institutions and private companies and individuals. Bhutan Board is into manufacturing of Graded Wood Particle Board with the state-of-the Art Technology of Siempelkamp, Germany and Ready-To-Assemble Furniture (RTAF) with the technology of Coimal, Italy.
For more information, please visit www.bhutanboard.com
BFAL was set up in 1990 as a joint venture of the Royal Government, Marubeni Corporation and the Tashi Group of Companies. It produces about 30,000 tonnes of Ferro Silicon per annum. The company has an excellent track record in terms of consistent production, quality product and customer service.
Bhutan National Bank started on July 25th 1980 as Unit Trust of Bhutan (UTB) with an initial funding of Nu. 2.5 million by Royal Insurance Corporation of Bhutan. The trust functioned as a subsidiary of RICB with the the purpose set to inculcate saving habits among the general public and to channel resources into productive sectors. In many instances, Bhutan National Bank Limited has been a pioneer in introducing new services to improve on the processes and customer satisfaction. And with the support of public and clients, we hope to become the best bank in the country and in the world.
For more information, please visit www.bnb.bt
Druk Metallurgy Limited (DML) a Joint Venture Foreign Direct Investment company of Druk Holding and Investments Limited (DHI) and Mr. Dilip Kumar Goenka, Principal Partner of KD Iron and Steel, Assam. DML is located in Motanga Industrial Park in Samdrup Jongkhar, Bhutan. The company will manufacture Mild Steel (MS) billets and Thermo-Mechanically Treated (TMT) bars. The construction of the plant began in November 2018 and the Phase I of the project would be completed by December 2019. The installed capacity of the plant is 200,000 Metric Ton Per Annum (MTPA) of MS Billets in Phase I and 200,000 TMPA of TMT bar in Phase II. It is one of the largest steel manufacturing plants in Bhutan and NE region of India.
Since its establishment, PCAL had been primarily in the business of manufacturing and selling cement. With the emergence of new challenges, particularly in the form of gradual depletion of limestone deposits, aging machinery and ever increasing market competition, both external and domestic, PCAL is constantly reviewing both the internal and external environments to re-position itself for growth and sustenance.
Royal insurance Corporation of Bhutan Limited was incorporated on 7th January, 1975 under the charter of His Majesty the fouth Druk Gyalpo Jigme Singye Wangchuck, primarily to meet the Insurance needs of its citizens as well as to actively participate in the economic development of the nation. It has grown from strength to strength over the years in keeping with the nation\'s march towards the goal of economic growth, self-reliance and Gross National Happiness.
For more information visit www.ricb.com.bt