Mandalay, April 1

U Aung Naing Oo, Union Minister for Investment and Foreign Economic Relations (MIFER) visited Myotha Industrial Zone in Ngan Zun Township, Mandalay Region on the morning of 1st April to inspect the development work of Myotha Industrial Zone and the operations of Factories.  

While in Myotha Industrial Zone, Chairman of Mandalay Myotha industrial Development Public Co., Ltd, U Aung Win Khaing ‌and Managing Director Dr. Tun Tun Aung made a presentation on the current investment situation and future programme.

Then, the Union Minister highlighted the strategic location of Myotha Industrial Zone which is situated in the intersection of highway, waterway and airway in Mandalay Region, one of the future growth poles of Myanmar, and he encouraged the investors to tap the location advantages of the Industrial Zone. At the meeting, the Union Minister informed the developer and investors that MIC and MIFER will provide the necessary assistance to the investors to facilitate and promote the operation of their business and expansion of the investment, and also explained the current reform measures, in accordance with the guidance of State Administration Council, to facilitate the businesses by reducing regulatory burden of businesses. He urged the management committee to made continuous efforts to promote the investment as much as possible by using their knowledge of local and international investment promotion experiences.

After that, the Union Minister inspected the vehicle assembly and production of Gold AYA Motors International Group Co., Ltd, Breeding Farm of Japfa Comfeed Myanmar Pte., Ltd and Construction and Leasing warehouse and standard factory of Mandalay Baoshan Myotha Industrial Development Co., Ltd.

The Union Minister was accompanied by officials from Ministry of Investment and Foreign Economic Relations and Investment Committee of Mandalay Region.