A total of 2,217 job opportunities have been created from three enterprises permitted by the Myanmar Investment Commission.
The three enterprises receiving permits at the Myanmar Investment Commission meeting held on 1stDecember are in the following industries: garment manufacturing using the Cutting, Making and Packing (CMP) system; manufacturing, distribution and marketing of metal cans; and power system installation and maintenance of telecommunication equipment services.
Kingsrich (Myanmar) Fashion Limited, a wholly foreign owned enterprise, will invest in garment manufacturing in Shwe Pyi Thar industrial zone, Shwe Pyi Thar Township, Yangon Region. Crown Beverage Cans Myanmar Limited will invest in the manufacturing, distribution and marketing of cans in Yangon industrial zone with a joint venture. Linfra Limited will put foreign investments in power system installation and maintenance of telecommunication equipment services in Hlaingthaya Township.
The Myanmar Investment Commission (MIC) reviews the investment proposals on the basis of the opinions and assessments of the region and state governments concerned to check whether the proposal meets the criteria before approval.—Mon Mon