The Gelephu Mindfulness City (GMC), a flagship economic initiative of Bhutan, has signed a strategic Memorandum of Understanding (MoU) with Khaitan & Co to enhance legal and regulatory clarity for investors and strengthen Bhutan’s positioning as South Asia’s emerging innovation and growth hub.
The collaboration seeks to build investor confidence among Indian and global enterprises exploring opportunities in Bhutan while advancing a vision for a purpose-driven and sustainable economy.
At the signing, GMC Governor Dasho Dr Lotay Tshering said Gelephu Mindfulness City is advancing His Majesty’s vision of creating a new economic gateway for Bhutan, one where innovation, sustainability, and purpose-led growth work together to unlock mindful and long-term prosperity.
“As the India–Bhutan partnership deepens, this MoU with Khaitan & Co marks an important step in building trusted pathways for investment, entrepreneurship, and collaboration,” he added.
Under the MoU, Khaitan & Co will advise Indian companies eyeing opportunities in GMC on market entry, compliance, and investment structuring. The firm will also support Bhutanese businesses expanding into India across corporate, tax, and operational matters, while working with the Bhutanese legal fraternity to share best practices and strengthen cross-border legal capacity.
Siddharth Shah, a senior partner at Khaitan & Co., said the GMC represents a new paradigm of development, where harmony, innovation, and sustainability converge. This partnership will help Indian and global companies engage with Bhutan through a transparent and trusted legal environment, contributing to shared regional prosperity.
Located along Bhutan’s southern border with India, Gelephu Mindfulness City is being developed under a unique governance framework aligned with international standards. The city focuses on eight priority sectors — spirituality, health and wellness; education and knowledge; agritech and forestry; green energy and technologies; finance and digital assets; aviation and logistics; and tourism — to create a holistic model for sustainable growth.
The agreement underscores the growing momentum in India–Bhutan economic cooperation and positions Gelephu Mindfulness City as one of Asia’s most promising destinations for responsible and purpose-led investment.
The collaboration seeks to build investor confidence among Indian and global enterprises exploring opportunities in Bhutan while advancing a vision for a purpose-driven and sustainable economy.
At the signing, GMC Governor Dasho Dr Lotay Tshering said Gelephu Mindfulness City is advancing His Majesty’s vision of creating a new economic gateway for Bhutan, one where innovation, sustainability, and purpose-led growth work together to unlock mindful and long-term prosperity.
“As the India–Bhutan partnership deepens, this MoU with Khaitan & Co marks an important step in building trusted pathways for investment, entrepreneurship, and collaboration,” he added.
Under the MoU, Khaitan & Co will advise Indian companies eyeing opportunities in GMC on market entry, compliance, and investment structuring. The firm will also support Bhutanese businesses expanding into India across corporate, tax, and operational matters, while working with the Bhutanese legal fraternity to share best practices and strengthen cross-border legal capacity.
Siddharth Shah, a senior partner at Khaitan & Co., said the GMC represents a new paradigm of development, where harmony, innovation, and sustainability converge. This partnership will help Indian and global companies engage with Bhutan through a transparent and trusted legal environment, contributing to shared regional prosperity.
Located along Bhutan’s southern border with India, Gelephu Mindfulness City is being developed under a unique governance framework aligned with international standards. The city focuses on eight priority sectors — spirituality, health and wellness; education and knowledge; agritech and forestry; green energy and technologies; finance and digital assets; aviation and logistics; and tourism — to create a holistic model for sustainable growth.
The agreement underscores the growing momentum in India–Bhutan economic cooperation and positions Gelephu Mindfulness City as one of Asia’s most promising destinations for responsible and purpose-led investment.
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