MIFER Union Minister inspects investment projects in North Okkalapa, Hlinethaya Townships

Union Minister for Investment and Foreign Economic Relations U Aung Naing Oo visited the Anita Asia Company Limited, the garment industry operating in Yangon Region, North Okkalapa Township under the permission of the Myanmar Investment Commission yesterday afternoon. The responsible personnel from the industry greeted the Union Minister and explained the operational procedures of the industry, the acceptance of orders, the operational challenges and the upcoming plans of the industry. The Union Minister fulfilled the requirements of the industry.
Then, the Union Minister also visited the rice mill of Ayeyar Prince Trading Company Limited in Hlinethaya Township. The responsible personnel of the industry explained the investment activities, operational procedures of the rice mill, conditions on exporting products and implementing contract farming activities. The Union Minister noted the responsible personnel of the industry to improve the productivity of the industry, exporting products and the inclusion of all the levels in the supply chain by implementing contract farming and made the field inspection around the industry.
After that, the Union Minister made a meeting with the businessmen investing in Hlinethaya industrial zone at Kanaung Hall of the Shwelinpan Industrial Zone. The chairman of the Shwelinpan Industrial Zone Management Committee U Aye Thaung, General Secretary U Nay Lin Zin and Chairmen and Vice-Chairmen of the Industrial Zones in Yangon Region attended the meeting and the attendees of the meeting discussed current activities of the industries, matters regarding banking and finance, reoperation of the burned and damaged factories, shipping, insurance, tax exemption, loans and improving the standards of the industries.
After hearing the reports of the attendees, the Union Minister coordinated the difficulties of the attendees by expressing the plans regarding the reoperation of the burned and damaged factories, the cooperation between the ministries related to investment, the allowance of Covid-19 loan for the reoperation of the industries, improvement of Agricultural and Small and Medium Enterprises, facilitation of the import and export processes, simplification of procedures of the ministries, improvement on online services, services to existing permitted industries, reducing barrier to investment and improving transparency.—MNA