Investors invited to build electric car business

To produce battery-powered electric car in Bago Region Bago Region Chief Minister U Myo Swe Win said he wanted foreign investors to be invited.

He made the remarks at the fourth meeting of the Bago Region Investment Committee (4/2021) held on October 27.

Manufacture of battery-powered electric vehicles; Renewable energy solar panels; To produce natural fertilizers and agricultural related products. Bago Region Chief Minister U Myo Swe Win said he wanted foreign investors to be invited.

In Bago Region, he said, garment factories, such as the CMP, are mainly being allowed to enter the job market.

Roads and bridges needed for investors to operate stably and safely in Bago Region. Electricity He said water and security had been provided.

Myanmar will allow domestic and foreign investment in the agricultural sector; Livestock and fisheries; Mining sector; Manufacturing sector; Energy sector; Oil and gas sector; Construction sector; Transportation and communications; Hotel and tourism; Real Estate Industrial zone development; It is mainly licensed in 12 sectors, including the service sector.

Fiscal year 1988-1989 to 2021 As of the end of September, more than 2,250 foreign-invested companies had entered Myanmar, with a total investment of more than $ 92 billion, according to the Directorate of Investment and Company Administration (DICA).

From October to the end of September of the 2020-2021 fiscal year, the UK was the largest foreign investor in Myanmar with over $ 3.791 billion, with more than $ 2.506 billion, according to the Directorate of Investment and Company Administration.

Brunei Darussalam contributed $ 1.469 million in national investment; China $ 175.834 million; Taipei $ 0.443 million; H.K. $ 11.138 million; India $ 1.2 million; Japan $ 518.761 million; Malaysia $ 2.1 million; Marshall Island, $ 10.7 billion; R.O.K. $ 32.614 million; Samoa, $ 0.500 million; Singapore $ 429.336 million; Thailand $ 99.185 million; U.K. $ 2,506.918 million; Vietnam has invested a total of 3,791.398 million US $ 1.2 million.

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