Monday, 30 March 2009

Relief for steel industry - a bad move

Finally, the steel industry has been provided some relief by the Government. I hope the confidence demonstrated by the government is translated into improved competitiveness in the market place. If the past is a good indicator of future, this confidence may be misplaced. My earlier posts on the subject illustrate why.

A precedent, albeit bad, has now been set. Other industries will also feel deserved. After all which industry is not linked in some way to the global financial crisis? And especially for Bhutan, no industry is more important than the other.
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