The Himalayan country that popularized the concept of gross national happiness is planning to develop a “mindfulness city” and will issue a $100 million bond on Monday to help fund the project. According to officials, the GMC will be located in a distinct administrative territory with its own set of regulations and laws, with the goal of serving as an economic corridor between South Asia and Southeast Asia.
To cut emissions, the city will promote walking and cycling, as well as green areas for meditation and relaxation, mindfulness-based education, public community events, healthcare and wellness centers, and eco-tourism, according to officials. GMC will cover a region of more than 2,500 square kilometers on the border with India, providing space for firms in a variety of sectors.
Lotay Tshering stated that this enormous initiative will transform the nation’s economic landscape, paving the way for a prosperous and resilient Bhutan. The goal is to attract investment, develop skills, and generate jobs in the Buddhist-majority country recognized for its Gross National Happiness index, an economic metric that includes aspects like as recreation, mental well-being, and the environment that are not measured by GDP.
