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August 12, 2020

Japanese firms look for business relationships with Myanmar counterparts in four areas

A business matching for SMEs in the fields of manufacturing,  information technology, logistics and services from Japan and Myanmar takes place in Yangon on Thursday, aiming at establishing an understanding of the two markets.—Photo: Ye Myint
A business matching for SMEs in the fields of manufacturing, information technology, logistics and services from Japan and Myanmar takes place in Yangon on Thursday, aiming at establishing an understanding of the two markets.—Photo: Ye Myint

Yangon, 29 Jan— With a view to discover business opportunities and potential partners in the areas of manufacturing, information technology, logistics and services in Myanmar, 12 Japanese firms including Japan-Myanmar Economy and Investment Centre (JMEIC) held talks with Myanmar counterparts at a business-matching event in Yangon on Thursday.
Mitsubishi Pencil Co., Ltd, NiKKi Fron Co., Ltd, Encourage Co., Ltd and Kyushu Economic Federation were among the Japanese companies meeting Myanmar counterparts with matching business interests at the event in which more than 140 Myanmar SMEs were listed to exchange talks with Japanese counterparts.
The event organized by JMEIC and the SME Development Department of the Ministry of Industry, enabled both sides to enhance their business networks and relationships.
“Myanmar could have access to provision of financial resources along with know-how and technical expertise from Japan if the country continued to develop its markets for Japanese companies,” Noriyuki Yonemura, JMEIC’s director-general, told The Global New Light of Myanmar.
Expressing his view on Myanmar’s SME sector, the director-general highlighted the importance of human-resources development in the sector, calling for putting more knowledge and skills in the area to grow a skilled workforce.
Through such business matching events, SMEs in Myanmar will be able to promote and facilitate the formation of business linkages with Japanese counterparts, said a deputy director-general of the Ministry of Industry.
“I am looking to expand my business and want to tap in new markets, Daisuke Numata of NiKKi Fron Co., Ltd told The GNLM, adding he hopes he can find himself in win-win relationships with Myanmar potential partners through the event.
According to statistics of the ministry, the number of registered SMEs in the industry sector has reached 40, 000 while the number of unregistered SMEs is estimated at more than 60,000 in Myanmar.— GNLM

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