Bhutan’s GMC plan will promote “mindful capitalism”

Bhutan has announced plans for the Gelephu Mindfulness City (GMC), a $100 billion initiative aimed at addressing economic challenges such as youth unemployment and brain drain. Spanning an area three times the size of Singapore, GMC will promote “mindful capitalism,” integrating ecological harmony and spiritual well-being with economic development.

Former Prime Minister Dr. Lotay Tshering, now GMC’s governor, emphasized the project’s potential to attract foreign companies committed to sustainability. Despite its ambitious vision, the project faces financial and political challenges, including potential influences from neighboring India and China.