(Shan, 14 May)

Union Minister for Investment and Foreign Economic Relations, Vice-Chairman of Myanmar Investment Commission U Aung Naing Oo met with the Chairman and members of Shan State Administration Council and Shan State Investment Committee members at the office of Shan State Administration Council’s meeting room in the morning of 14th May 2021.
At the meeting, the Union Minister discussed the investment promotion, facilitation and protection meausres that to be undertaken by Shan State Investment Committee in accordance with the Myanmar Investment Laws and Rules and procedures. He encouraged the State Investment Committee to promote the investment by establishing efficient mechanism for the monitoring , facilitating  and providing necessary assistances to the existing investments which were permitted by MIC and endorsed by State Investment Committee.
The Union Minister shared the information that Myanmar Investment Commission is formulating the investment policies and strategies in line with the five points Road Map and nine objectives of State Administration Council, and recommended the priority areas of State investment promotion programme particularly in manufacturing, agriculture sector, renewable energy and MSMEs development by designing quick win projects.   
The Union Minister discussed the facilitation and streamlining of investment approval process in accordance with the investment law and rules which is crucial for investment promotion.
He called for investment related government agencies to provide necessary assistance to the investors and to facilitate the local business in manufacturing and services sectors.  
Then, the Chairman of Shan State Administration Council and the Chairman of Shan State Investment Committee discussed the investment promotion activities undertaking by Shan Committee and explained the future development programme. After that, the Union Minister fulfilled the needs of States Committee and responded the queries made by committee members.  
The meeting  was attended by members of Shan State Investment Committee and officials from Shan State office of Directorate of Investment and Company Administration.