By Mi Mi Phyo (Myanmar News Agency)
The MPs of Pyithu Hluttaw have urged the Union Government to make efforts to attract foreign direct investments (FDIs) and develop a labour intensive industry in Myanmar.
During the discussion in the Pyithu Hluttaw yesterday, U Maung Myint of Minkin constituency suggested that the government must immediately develop a new industrial zone for cut-make-pack (CMP) garment factories, pointing out that the land prices in industrial zones were almost double those in other countries.
“Similarly, insufficient power supply is the biggest problem in our country. If possible, we should accept coal-fired power generation rather than generating power with diesel engines,” he remarked.
“Actually, clean coal-fired power plants should be established for the industrial zones,” said MP U Maung Myint.
He also urged the government to consider the situation of CMP factories before it decides to increase the minimum wage from Ks3,600 to Ks4,800, warning that CMP factories might move to other countries if the minimum wage is increased in Myanmar.
“Meanwhile, we should not neglect the livelihood of workers who are experiencing rising commodity prices,” stated the MP.
U Thant Zin Tun of Dakkhinathiri Constituency also urged the government to enact the industrial zone law as soon as possible to attract FDI.
The government allowed 138 FDIs in the 2016-2017 fiscal year (FY), creating more than 88,000 job opportunities, and 51 local investments, creating more than 10,000 job opportunities, according to the Ministry of Planning and Finance.
In the current 2017-2018 FY, 178 FDI businesses have been allowed to operate up to December, and more than 74,660 jobs have been created, and in the same period, some 80 local investments were permitted.
U Maung Maung Win, Deputy Minister for Planning and Finance, in his reply to the discussion of the MPs, noted that the Myanmar Investment Commission and region/state investment commissions are implementing the motion discussed by the MPs and urged the Pyithu Hluttaw to document the motion.
The Pyithu Hluttaw put the motion on record, and the meeting came to an end.