Koufuku International Private LimitedDHI and Shin Nippon Biomedical Laboratories Limited (SNBL), Japan, have obtained a provisional FDI RegistrationCertificate from MoEA for a joint venture company, Koufuku International Private Limited (KIPL). The proposed project is to set up a dairy processing plant in Bhutan. The objective is to commercialize the operation of the dairy processing unit on a long term sustainable model. The project will provide farmers with a reliable and convenient outlet for their dairy produce thereby improving their quality of life. The total project cost is estimated at Nu. 50 million and will be fully equity financed by SNBL and DHI in the ration of 70:30. The project is currently underway and the expected date of operation is December 2014.