MoI discusses implementations in 2021-2022 mini budget year, plans for 2022-2023 FY

Iron sskm
Union Industry Minister Dr Charlie Than attends the meeting to discuss implementation of projects in 2021-22 financial year on 2 April.

The Ministry of Industry held a meeting to discuss the implementation of iron and steel mills in the 2021-2022 mini budget year and further implementation in the 2022-2023 financial year, on 2 April in Nay Pyi Taw.
At the meeting, Union Minister Dr Charlie Than said the Ministry of Industry has 107 factories, 55 of which are leased to the private sector and 52 remaining factories are still under the government. The products manufactured by the Ministry can be divided into four groups: iron and steel production, cement and ceramics production, textile and garment production, and pharmaceutical and consumer goods. No. 1 Steel Mill (Mingyan) and No. 2 Steel Mill (Pinpat) were established in 2004 to implement projects. These projects were ordered to be suspended by the Pyidaungsu Hluttaw on 15 March 2017, he said.
As the Prime Minister has given instructions to support the re-operating of factories/workshops that are non-privatized and that are under the management of the government to find ways to generate income for the economic development of the country, plans are underway to continue to operate these two steel mills, he continued.
He called for taking serious measures to prevent any damage to the equipment that has been in the factories for a long time after the suspension. He also urged all to work for the benefits of the State and the people without corruption.
Afterwards, mill managers of the two steel mills reported on progress of works and future plans, and Deputy Minister U Yin Maung Nyunt, and the managing director of the No. 1 Heavy Industris Enterprise explained the status of the completion of projects and further processes in detail.—MNA

Share this post
Hot News
Hot News