Friday, April 2, 2021

Union Minister U Aung Naing Oo inspects investment activities in Myotha Industrial Zone

U Aung Naing Oo, Union Minister for Investment and Foreign Economic Relations (MIFER), visited Myotha Industrial Zone in Ngazun Township, Mandalay Region on the morning of 1 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  at  the  intersection  of  highway,  waterway  and airway in Mandalay Region, Union Minister U Aung Naing Oo inspects investment activities in Myotha Industrial Zoneone 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  the  State  Administration Council, to facilitate the businesses by reducing the  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  the Ministry of Investment and Foreign  Economic  Relations  and  Investment  Committee  of  Mandalay Region. 

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MNA

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