Japanese car builders bid on Thilawa

Japanese auto giants Suzuki and Toyota are among the bidders for parts and manufacturing facilities at the Thilawa special economic zone, Myanmar’s investment commission said.

Aung Naing Oo, director general of the Myanmar Investment Commission, said Suzuki and Toyota, as well as France-based auto parts manufacturer Lafarge, have all made proposals to build in Thilawa near Yangon.

The Thilawa project is in the first phase of construction and expected to become operational for manufacturing by 2015.

”We are aiming to dedicate the free zone 100% to manufacturing, to draw industries focused on export process. The promotion zone will facilitate both manufacturing and service industries,” the Democratic Voice of Burma quoted him as saying.

The commission expects Thilawa to create nearly 200,000 jobs and double foreign investment in the 2014-15 fiscal year.

Source: Bangkok Post

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