Myanmar Industrial zone operations expected to double in 2017

Businesses in industrial zones are expected to double in number next year because many businessmen are eyeing the sector for investment, said U Aye Thaung, the chairperson of Shwe Lin Pan Industrial Zone.

The industrial business plays a vital role in the country’s economy, which is expected to be bolstered by a flood of foreign direct investments. Therefore, the industrial zone operations are likely to increase twofold.

Producing skilled labourers is crucial to effectuate the development in an industrial zone. There are currently 29 industrial zones in Myanmar. That number is low when compared to international countries, which means there is much room for growth.

Moreover, the industrial zones that can fulfill the requirements of the domestic market and produce quality products are essential to an emerging economy. Many food products are still currently imported from the foreign countries.
Therefore, fixing the infrastructure problem in industrial zones should be given priority, according to officials.

Source: The Global New Light of Myanmar

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