THE Thilawa Special Economic Zone saw a US$6.2 million increase in investment in the 2023-2024 financial year compared to the previous year’s amount, according to the zone’s management committee.
The zone imports raw materials and
manufactures import-replacement and export products.
The zone’s export accounts for two
per cent of the country’s total export volume. It began solar-powered
electricity generation in December 2022, with five companies currently involved
in this initiative. The Ministry of Electric Power aims to produce 14 megawatts
of solar power in the zone.
Chairman of the Central Committee on
Myanmar Special Economic Zones Vice-Senior General Soe Win encouraged
solar-powered electricity generation in the zone since the surplus can be used
elsewhere. A total of 114 companies from 21 countries have invested in the
Thilawa SEZ, spanning 667.2 hectares (approximately 1,650.139 acres). It is one
of the three economic zones in Myanmar and is reportedly successful.
TWA/NT
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