doing business in myanmar – what you need to know as a singaporean
Japan’s largest international freight forwarder Nippon Express Co. began operating a multifunctional logistics warehouse at the Thilawa Special Economic Zone, near Myanmar’s commercial capital Yangon, on Thursday.
Company officials said the Thilawa Logistics Center offers bonded warehouse services for foreign cargo, while the temperature- controlled and dehumidified warehouse will also be used to store apparel and chemical products.
The warehouse was built on a 50,575-square-meter land plot at Zone A of the Japanese- backed Thilawa SEZ as a one-story steel-framed structure with a floor area of 5,827 square meters, covering offices, warehouse and storage areas.
Nippon Express opened a representative office in Yangon in 2012 and has been expanding its operations gradually since then. Its local subsidiary, Nittsu Logistics Myanmar Co., aims to provide comprehensive logistics services, including air/ocean cargo forwarding, customs clearance, domestic distribution, cross-border truck transport, warehousing and heavy haulage.
The warehouse offers bonded storage services utilizing bonded cargo functions available nowhere else in Myanmar but the Thilawa SEZ.
Speaking at the opening ceremony, Nippon Express Chairman Kenji Watanabe said his company will try its best to become a reliable partner to support logistics needs in Myanmar. Cho Cho Win, vice chairman of the Thilawa SEZ management committee, said, “We believe Nippon Express will help Myanmar’s logistics sector especially on transfer of management skills and training.”
A total of eight Japanese logistics firms have so far received permission to set up at Thilawa SEZ, and several of those including Sumisho Global Logistics Co. are already operating there.
Source: The Global New Light of Myanmar
