Although most production comes from cottage industry, larger industries are being encouraged and some industries such as cement, steel, and ferroalloy have been set up. Most development projects, such as road construction, rely on contract labour from neighbouring India. Agricultural produce includes rice, chilies, dairy (some yak, mostly cow) products, buckwheat, barley, root crops, apples, and citrus and maize at lower elevations. Industries include cement, wood products, processed fruits, alcoholic beverages and calcium carbide. Bhutan has seen recent growth in the technology sector, in areas such as green tech and consumer Internet/e-commerce. In May 2012, "Thimphu TechPark" was launched in the capital. It incubates startups via the "Bhutan Innovation and Technology Centre" (BITC). Incomes of over Nu 100,000 per year are taxed, but as Bhutan is currently one of the world's least developed countries, very few wage and salary earners qualify. Bhutan's inflation rate was estimated at three percent in 2003. Bhutan has a gross domestic product of around US$5.855 billion (adjusted to purchasing power parity), making it the 158th-largest economy in the world. Per capita income (PPP) is around $7,641, ranked 144th. Government revenues total $407.1 million, though expenditures amount to $614 million. Twenty-five percent of the budget expenditure, however, is financed by India's Ministry of External Affairs. Bhutan's exports, principally electricity, cardamom, gypsum, timber, handicrafts, cement, fruit, precious stones and spices, total €128 million (2000 est.). Imports, however, amount to €164 million, leading to a trade deficit. Main items imported include fuel and lubricants, grain, machinery, vehicles, fabrics and rice. Bhutan's main export partner is India, accounting for 58.6 percent of its export goods. Hong Kong (30.1 percent) and Bangladesh (7.3 percent) are the other two top export partners. As its border with Tibet Autonomous Region is closed, trade between Bhutan and China is now almost non-existent. Bhutan's import partners include India (74.5 percent), Japan (7.4 percent) and Sweden (3.2 percent). Agriculture The share of the agricultural sector in GDP declined from approximately 55% in 1985 to 33% in 2003. In 2013 the government announced the aspiration that Bhutan will become the first country in the world with 100 percent organic farming. Bhutanese red rice is the country's most widely known agricultural export, enjoying a market in North America and Europe. Bangladesh is the largest market of Bhutanese apples and oranges. Fishing in Bhutan is mainly centred on trout and carp. Industry The industrial sector accounts for 22%