Bhutan will soon have its first bio-fertilizer company at Athang gewog in Wangdue. To implement the initiative, the Farm Machinery Corporation Limited (FMCL) and B&B Korea signed a memorandum of understanding recently in Thimphu. The joint venture is a business idea committed to fulfilling the nation’s aspiration of becoming 100% organic in agriculture for assuring safe and nutrition security.
The company has planned for an initial investment of Nu.40 M and starts with about 20 youth employment opportunities in the value chain. The construction will begin in November 2021, and the production is expected to start by the end of January 2022, covering around 18 acres of land.
During the signing, the Hon’ble Sanam Lyonpo, Yeshey Penjor shared that Bhutan has enough raw materials to produce bio-fertilizer, but lacks the technology and experiences in handling the production of organic fertilizer. “The collaboration will be a crucial milestone for the country,” he added.
Representing the B&B Korea Co., Ltd, Daedoo Ko shared that “our effort is to provide nutritious fertilizer and develop advanced fertilizer manufacturing technologies using almost 100% Bhutanese local materials.” He added that the project will play an important role in Bhutan’s socio-economic development particularly in the agriculture sector.
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