MIFER Union Minister visits MIC-permitted businesses in Bago, Yangon

 

UNION Minister for Investment and Foreign Economic Rela­tions U Aung Naing Oo visited the garment factory of the Panko Bago Co., Ltd, a foreign invest­ment company operating with the permission of the Myanmar Investment Commission in Bago Township, Bago Region, on the afternoon of 8 July.

During the visit, the Gener­al Director of the Company, Mr Chae Sung Jong, and Director Mr Kyung Jung Kim discussed the possibility of expanding in­vestment in the garment indus­try in the Bago Industrial Zone phase by phase. They explained the status of the completion of the first phase which is being car­ried out with 2,500 employees, the plans to complete the second phase by December 2022 and to continue the business with 5,000 employees, and the expansion of the business by completing the rest of the phases by 2024 and to employ up to 12,000 employees. They also presented challenges and needs encountered in carry­ing out business activities.

The Union minister briefed on the plans to be supported by the Myanmar Investment Com­mission and the Ministry of In­vestment and Foreign Economic Relations for further expansion. He also provided advice and co­ordination on the promotion of employment opportunities and the upgrading of workers’ skills and the welfare of the workers.

Yesterday morning, the Un­ion minister visited the Myanmar Pou Chen Co., Ltd’s manufactur­ing industry of shoes and shoe parts under the CMP system, located in Thardukan Industrial Zone in Shwepyitha Township, Yangon Region. During the visit, officials of the company explained the factory’s operation since its opening in 2015, exports of more than five million pairs of shoes every year, expansion of the facto­ry with more than 7,000 workers, programmes for the welfare of factory workers, labour issues, difficulties encountered in import­ing raw materials and plans for the future. The Union minister discussed issues related to capac­ity building of individual workers and job creation, plans for further coordination on emerging issues, and he toured the factory’s op­erations and the staff food and welfare activities.

MNA