A first-of-its-kind exhibition of the products produced by local micro, small and medium enterprises (MSMEs) in the Mandalay Region and Kachin State kicked off at the Mandalar Thiri Sports Ground yesterday.
In his opening address at the exhibition, Vice President U Myint Swe pledged to support the innovation of entrepreneurs and MSMEs, so that they can produce products that can penetrate the new market.
The MSMEs exhibition in Mandalay was the first to be held after the government announced its plan to hold MSMEs exhibitions in regions and states, as part of the efforts to evaluate the quality of MSME products.
Nay Pyi Taw will host the national-level exhibition, while national-level award winners will be selected from the nationwide exhibitions.
Some 90 per cent of the country’s economy is ties into the private sector, and 99 per cent of the private sector is made up of small and medium enterprises (SMEs), according to statistics.
To assist the MSMEs throughout the country, three bodies to assess, develop and manage funds were formed in January, in accordance with the SME law.
The Vice President also reiterated the government’s commitment to provide technology to the MSMEs, so that they can produce value-added products with superior packaging designs.
He urged the entrepreneurs to expand their markets, in accordance with the rules and policies laid down by the Union Government, to produce export products.
In accordance with the ASEAN strategic action plan for the development of MSMEs, known as the ASEAN SAP SMED 2016-2025 plan, Myanmar is also working for the growth of the country’s MSMEs.
The three-day exhibition was formally opened by Vice President U Myint Swe; Union Ministers U Khin Maung Cho, Dr. Than Myint and U Kyaw Win; Magway Region Chief Minister Dr. Aung Moe Nyo; Mandalay Region Chief Minister Dr. Zaw Myint Maung; and Kachin State Transportation, Electricity and Industry Minister U Win Nyunt.
Following the opening ceremony, Vice President U Myint Swe went to Ywagan in southern Shan State and inspected the Myogyi Dam.
U Kyaw Myint Hlaing, director-general of the Irrigation and Water Utilisation Management Department, reported on the current irrigation plan for farmlands, the Meihtila plain greening project, as well as on the plan to generate electricity and distribute it to the national grid.
Following the report, U Myint Swe urged officials to work for the development of eco-tourism based on the dam, in cooperation with the departments concerned.
Thanks to the Myogyi Dam, some 55,000 additional acres have been planted for cultivation of peas and pulses. The dam is irrigating more than 33,000 acres on the Meiktila plain.
During his visit to the dam, Vice President U Myint Swe inspected the intake channel for the dam and the generation of electricity at the dam.—Myanmar News Agency