doing business in myanmar – what you need to know as a singaporean
A special zone will be built in Mandalay Region’s Thabeikkyin township to produce value-added products from agricultural goods and livestock, according to Pentagon Group (Myanmar) Co Ltd.
The project will be located on 3237 hectares in Ohn Ta Kue, Ohn Paing, Pay Taw and Gway Maw villages. The company has sought a land-use permit for 728 hectares in the initial phase, the company’s project adviser, U Kyaw Swar Myint, said.
“The land-use permit is still being sought, and we have presented details of the project to regional chief minister. We will start it when the permit is granted. As pilot project, we will begin on 728 hectares,” he said.
Asian bamboo will be planted in the initial phase, and bamboo-based luxury products and handicrafts will be produced for the international market. K10 billion will be invested in the initial 1800 acres.
A training school will be established and free courses offered for residents. Job opportunities will also be created.
“We can make many products from bamboo; for example, paper and wood replacements. It can be used in buildings, and we used technology to overcome the termite problem so that it last for 20 or 30 years. India is widely using the products, and we can export them to Europe as well,” U Kyaw Swar Myint said.
Although Myanmar can produce bamboo, the products cannot be exported due to the lack of manufacturing and skilled workers. Bamboo, plant fibre, teak and hardwood, and shwewar grass will be grown on around 3237 hectares in Thabeikkyin. Manufacturing will be included,” he said.
“When we studied the soil in Thabeikkyin, we found that other crops could not be grown, only products like plant fibre, shwewar grass and bamboo. We need to study more about growing rattan,” he said.
Later, the company will cooperate with businesses from India, China and Japan. – Translated
Source: Myanamr Times
To see the original article click link here
