Union Minister U Aung Naing Oo meets with Chairman and members of Kayin State Investment Committee

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The MIFER Union Minister holds talks with the Kayin State Administration Council Chairperson and members, and Investment Committee members yesterday.

Union Minister for Investment and Foreign Economic Relations, Vice-Chairman of Myanmar Investment Commission U Aung Naing Oo met with the Chairman and members of Kayin State Administration Council and Kayin State Investment Committee members at the office of Kayin State Investment Committee’s meeting room in the morning of 29 April 2021.
At the meeting, the Union Minister highlighted the strategic location of Kayin State and growing interests of investors due to the neighbouring with Thailand. Therefore, the investment promotion and facilitation measures provided by the Kayin State Committee in accordance with Myanmar Investment Law and Regulations are crucial for attracting investors. The Union Minister also encouraged the Committee to monitor and provide assistance to the existing investments which were permitted by MIC and endorsed by State Investment Committee.
The Union Minister explained that Myanmar Investment Commission is formulating the investment policies in line with the five-point roadmap and nine objectives of the State Administration Council and advised the Committee to develop the priority investment areas particularly for agricultural sector, renewable energy sector and MSMEs by designing potential quick win projects.
The Union Minister also urged the Committee to facilitate the process of obtaining endorsement permit timely in accordance with investment laws and rules, and to encourage the manufacturing and service sectors by creating investor friendly environment.
Then, the Chairman of Kayin State Administration Council and the Chairman of Kayin State Investment Committee discussed the investment promotion activities and the Union Minister responded to the comments and questions raised by the committee members.
After that, the Union Minister proceeded to Hpa-An Industrial Zone and met with investors and merchants from Kayin State at the meeting room of Industrial Zone, and explained the government efforts of investment promotion and facilitation and providing assistance to investors to recover from the reverse effect of COVID-19 pandemic.
During the meeting, the Union Minister, coordinating with relevant government agencies, facilitated some trade and investment issues raised by the investors. —MNA.

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