10:36:00 AM
Myanmar Trade Office (Taipei)
 |
Seven
local and foreign companies have submitted investment proposals for
the Thaton Industrial Zone in northern Mon State, according to the
Ministry of Industry.
The ministry said it is in the process of implementing the proposals put forward for the 678 acre site, which include medicine, soft-drink and garment manufacturing facilities.
“We will also work to approve future proposals, together with those that have been submitted and those approved companies will be allowed to use existing industrial buildings in the zone should they want,” said an official from the state-owned No. 3 Heavy Industrial Enterprise (HIE-3) which has been tasked with implementing the project under the ministry.
Once home to a state-owned caustic soda factory, the Ministry of Industry three months ago began accepting investments proposals for the Thaton Industrial Zone. HIE-3 is overseeing the construction of new buildings, water and electricity infrastructure, which includes a 30 megawatt solar power generator, at the site.
An expression of interest (EOI) was submitted for another proposal at Thaton and is pending approval, said the official who declined to elaborate on information about the local and foreign companies who have submitted proposals.
HIE-3 is charged with making decisions on investment proposals. Earlier this month, on a visit to the site Vice President U Henry Van Thio said priority should be given to proposals which contribute most to community development, job creation and state income.
Other submitted proposals include a rubber refinery, a dry fruit factory and a rubber product manufacturing plant.
Source; MM Business Today
The ministry said it is in the process of implementing the proposals put forward for the 678 acre site, which include medicine, soft-drink and garment manufacturing facilities.
“We will also work to approve future proposals, together with those that have been submitted and those approved companies will be allowed to use existing industrial buildings in the zone should they want,” said an official from the state-owned No. 3 Heavy Industrial Enterprise (HIE-3) which has been tasked with implementing the project under the ministry.
Once home to a state-owned caustic soda factory, the Ministry of Industry three months ago began accepting investments proposals for the Thaton Industrial Zone. HIE-3 is overseeing the construction of new buildings, water and electricity infrastructure, which includes a 30 megawatt solar power generator, at the site.
An expression of interest (EOI) was submitted for another proposal at Thaton and is pending approval, said the official who declined to elaborate on information about the local and foreign companies who have submitted proposals.
HIE-3 is charged with making decisions on investment proposals. Earlier this month, on a visit to the site Vice President U Henry Van Thio said priority should be given to proposals which contribute most to community development, job creation and state income.
Other submitted proposals include a rubber refinery, a dry fruit factory and a rubber product manufacturing plant.
Source; MM Business Today
