October 26, Paro: The Interim Adviser of the Ministry of Agriculture and Forests, Dasho Penjore visited Farm Machinery Corporation Limited (FMCL) to see the activities. Discussing with the staff, Dasho shared that FMCL must focus on its core business mandates given the importance of the institution in Bhutan and the four important components of priority sector lending (PSL) in promoting cottage and small industries in Bhutan. He added that for financial support and sustainability, the company must build a compelling case in the strategy that the new government would be obliged to inject equity willingly and FMCL must reflect provisions of investment from SME Board, financial institutions and FDI and take advantage of investment projects like PSL.
Dasho’s visit mainly focussed on contract farming and he recommended FMCL to have a clear focus on its core business and then to venture into other businesses like contract farming and engage into supply of oil and lubricants.
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