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GMR eyes Bhutan's Gelephu economic zone for investment
Mint Mumbai
|January 16, 2024
Infrastructure major GMR is in talks with Bhutanese authorities for potential investments in the newly-announced Gelephu Mindfulness City, people familiar with the matter said, as the proposed special economic zone bordering Assam aims to house non-polluting firms, IT units, and hydropower projects and become the world's first carbon-negative enclave.
King Jigme Khesar Namgyel Wangchuk of Bhutan had unveiled the project in his National Day address on 17 December. The initiative aims to attract global investments to the secluded Himalayan kingdom and also enhance connectivity with India.
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