GMR explores investments in Bhutan’s marquee Gelephu project
Live MintNew Delhi: 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. The proposed Special Administrative Region in Gelephu, located along the border with India, could reshape Bhutan's economic landscape. GMR is known for its expertise in the energy and infrastructure sectors, and thus could be a potential partner for developing the SAR's airports, highways, warehousing, power infrastructure, and waste management facilities. Bhutan's ruler has made two visits to India this year, focusing on economic relations and meeting industry leaders, including GMR's Srinivas Bommidala, business chairman for energy and international airports.
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