Business

Invited investors to start a business

The chief minister of the Bago Region, U Myo Swe Win, stated that he wanted to invite foreign investors to start a business making electric cars powered by batteries.

On October 27, he made the remarks during the fourth meeting of the Bago Region Investment Committee (4/2021).

production of electric vehicles powered by batteries; Environmentally friendly power sunlight based chargers; to make products related to agriculture and natural fertilizers. U Myo Swe Win, chief minister of the Bago Region, stated that he desired to invite foreign investors.

He stated that garment factories like the CMP are primarily permitted to enter the labor market in Bago Region.

Bridges and roads that investors need to be able to work steadily and safely in Bago Region. Water and security, he claimed, were provided.

Ad powered. Additionally, Myanmar will permit both domestic and international agricultural investment; Fisheries and livestock; mining industry; Producing area; energy industry; the oil and gas industry; sector of construction; communications and transportation; Tourism and lodging; Development of an industrial zone in real estate; It holds licenses primarily in 12 industries, including the service industry.

The Directorate of Investment and Company Administration (DICA) reports that as of the end of September, more than 2,250 companies with foreign investments had entered Myanmar, investing more than $ 92 billion.

According to the Directorate of Investment and Company Administration, the UK was the largest foreign investor in Myanmar from October to the end of September of the fiscal year 2020-2021, investing more than $ 2.506 billion.

In terms of national investment, Brunei Darussalam contributed $1.469 million; $ 175.834 million from China; $0.443 million for Taipei; 11.138 million dollars; $1.2 million from India; $518.761 million from Japan; $2.1 million from Malaysia; 10.7 billion dollars, Marshall Islands; OK, 32.614 million dollars; Samoa, 500 million dollars; Singapore $429,336,000; Thailand: 99.185 million dollars; $ 2,506.918 million in the UK; There have been 3,791.398 million US dollars invested by Vietnam.