The Yangon Region Investment Committee (YRIC) greenlighted two domestic enterprises by Myanmar citizens and one wholly foreign project in the manufacturing sector with an estimated capital of over K95.537 billion and US$0.72 million, at the meeting held on 28 January 2026, creating 911 jobs for locals.
“YRIC
granted one wholly foreign business and two domestic enterprises to operate
production and assembly of electronic equipment under the Semi-Knocked Down
system for 100 per cent domestic distribution and sales, production of diesel
engines, and manufacturing of garments and clothing on a Cut, Make and Pack
basis,” said an official of the YRIC.
The
committee also allowed some existing enterprises to make capital expansion and
an increase in the labour force. The regional investment committee has been
endorsing investment projects in pursuit of rules and regulations under the
Myanmar Investment Law to spur investments and create more job opportunities.
ASH/KK
#TheGlobalNewLightOfMyanmar
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