August 13, 2017

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Half of 84 companies investing in Thilawa SEZ are Japanese companies

Thilawa SEZ is a successful SEZ compared to other SEZs of neighboring countries. Photo: Khin Maung Win (Kyemon)

Thilawa Special Economic Zone (SEZ) implemented in Yangon have 84 foreign companies investing in it and half is reported by Japan External Trade Organization (JETRO) to be companies from Japan.
Japanese businesses are interested in investing in Myanmar and JETRO is also inviting Japanese companies to invest while providing sector wise information to investors said JETRO Yangon managing director Mr. Hiro Yamao.
With a civilian government in place after 2011, there was gradual increase in interest from Japanese companies and we were providing investment information and information requested. JETRO is the main player for Japan to invest in Myanmar and of the 84 companies investing in Thilawa SEZ, 42 are from Japan he said.
Thilawa SEZ is a successful SEZ compared to other SEZs of neighboring countries. Compared to other SEZ in Myanmar, it had far more complete basic infrastructure within a short time frame and thus Japanese companies are interested to invest in it. Currently, Zone A is completed and Zone B is under implementation. Infrastructure work will take about a year and will be completed in 2018 and 10-15 companies are expected to invest in it said JETRO.
According to investment figures from 2014 to 2016 October, direct investment from Japanese companies into Thilawa SEZ totaled approximately US$ 0.4 billion and will increase with additional investments made this year.
Around 300 monthly enquiries to JETRO Yangon office were made by interested investors from Japan. JETRO office in Yangon was opened in 1997 and JETRO is an organisation under the Ministry of Economy, Trade and Industry.

 

Hsu Hnin Le

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