Chin State has opened its first elephant foot yam processing plant in a major investment for Myanmar’s poorest area, with plans to export to China and other parts of Asia. The US$320,000 factory is operated by Chin Hills Treasure Company (CHTC), an agricultural enterprise owned and run by farmer groups from Mindat, Matupi and Kanpetlet […]
Chinese, Norwegian investors to study projects in Chin
January 21, 2020 by
Chin State government officials say that they have expressions of interest from foreign investors to invest in power-generation projects in the state. This was revealed to The Myanmar Times by Chin State Minister of Development, Electricity and Industry U Soe Htet. The state is among the least developed in the country and is also the […]
First airport in Chin State to open in May
January 13, 2020 by
Chin State is set to be more accessible to travellers and investors this year, when the region’s first airport opens for business. Surbung Airport in Falam township, Chin State, will open in late May, according to state media, barring unforeseen weather conditions. The move is expected to boost tourism in Myanmar’s most underdeveloped state. The […]
Coffee entrepreneurs seek success in Myanmar’s poorest state
May 20, 2019 by
Young people from Myanmar are starting businesses to escape poverty in Chin, the country’s poorest state in Southeast Asia’s least developed country. Chin is a mountainous state in western Myanmar. Its per capita gross domestic product was around 760,000 kyat ($500 at the current exchange rate) in 2017, only about a quarter that of Yangon, […]
Impoverished Chin sees little progress in drawing investment
December 4, 2018 by
Long plagued by poor road connectivity and the absence of power infrastructure, Chin has not succeeded in securing investments to develop the region thus far, but opportunities in tourism, energy and agribusiness abound. According to the “Opportunities and Challenges for Local Business Development in Chin State” report issued by the Gender and Development Institute of […]
Govt explores possibility of cement plant in Chin
November 6, 2018 by
The Ministry of Natural Resources and Environmental Conservation (MNREC) is inviting expressions of interest (EOI) from foreign and local investors to conduct detailed feasibility studies and measurement of limestone deposits before considering the setting up of a cement plant in Chin State. The proposed site for the project, covering some 4300 hectares, is located in […]
India, Myanmar sign MoU towards Sittwe Port operationalisation
October 30, 2018 by
NEW DELHI: India and Myanmar signed an important MoU on Monday for the appointment of a private Port Operator for the Operation and Maintenance of Sittwe Port, Paletwa Inland Water Terminal and associated facilities included in the Kaladan Multi Model Transit Transport Project in implementation of India’s Act East Policy. Following this MoU the process […]
