Khaitan & Co has signed a strategic Memorandum of Understanding with Gelephu Mindfulness City to strengthen legal and regulatory confidence for both Indian and global investors while supporting Bhutan’s aspiration to emerge as South Asia’s new economic growth and innovation hub.
Under the MoU, Khaitan & Co will:
Advise Indian companies exploring opportunities in GMC on market entry, compliance, and investment structuring.
Support Bhutanese businesses seeking to expand into India across corporate, tax, and operational matters.
Collaborate with Bhutanese legal fraternity to share best practices and build cross-border legal capacity.
Enhance investor confidence through clarity on governance, compliance, and business structuring.
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.
Siddharth Shah, Senior Partner at Khaitan & Co said that the firm is honoured to support one of Bhutan’s most visionary economic initiatives.
He added “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.”
Situated 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 & wellness; education & knowledge; agri-tech & forestry; green energy & technologies; finance & digital assets; aviation & logistics; and tourism - creating a new model of holistic and sustainable growth.
This MoU underscores the growing momentum in India–Bhutan economic cooperation and reinforces GMC’s position as one of Asia’s most promising new destinations for sustainable and responsible investment.
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