In a bid to encourage business development in Chin State, a research report on Opportunities and Challenges for local Business Development in Chin State was released yesterday at the Taw Win Garden Hotel in Yangon.
The report was developed by the Aye Chan Myanmar Institute (Gender and Development Institute-Myanmar) and the American Friends Service Committee (AFSC). The report was analyzed by more than 60 people, including high-ranking officials from townships in the Chin State, representatives from civil society organizations, local businesspersons, and women and young leaders.
“These people understand the Chin State government’s two-year performance,” said a researcher with the Aye Chan Myanmar Institute.
“The findings show many business opportunities for Chin State, along with a slew of possible challenges,” said Lohpai Ja Ra, the executive director of the Aye Chan Myanmar Institute. The research report was developed to promote business in Chin State, discuss the opportunities and challenges of local entrepreneurs and local people, help good business managements encourage a democratic transition, enlist participation of women and men to help businesses in Chin State thrive, and suggest points for better policies and procedures.
“Chin State is the least developed region among Myanmar’s regions and states. This being so, we will make efforts to facilitate local and foreign investments in the state,” said Salia Aike Zat Khin, a former Chin State minister for development affairs and industry. He was speaking on behalf of the Chin State’s Minister for Planning and Finance. He is also a policy consultant with the Aye Chan Myanmar Institute.
Investors in Chin State are facing difficulties in terms of land, electric supply, and transport facilities, said Dr. Min Zaw Oo, the director of the Chin State’s Office of the Directorate of Investment and Company Administration. “Investors face risk regarding return of capital. They are facing many barriers to investment. Tourism will flourish only if there is fundamental infrastructure such as electricity, accommodation, and transportation. The lack of basic infrastructure is a big challenge for them for now,” he said.
The research report on Chin State outlines 19 points on which better practices are expected to emerge. Of these, three points deal with regional project implementation, three points on employment opportunities and the problem of unemployment, five points on the private sector, six points on investments and the progress of business in the state, and two points on the role of non-governmental and civil society organizations.
By Nyein Nyein
(Translated by Ei Mon)