Kayin State Investment Committee made a decision to grant permission to a private company to produce and distribute gypsum powder in the state.
The decision came at the meeting 4/2019 of the committee at Kayin State government office yesterday.
Approval for production and distribution of gypsum powder was granted to Pyi Thu Dana Co., Ltd., a 100 per cent Myanmar national investment.
Starting from fiscal year 2016-2017 to date 4 foreign investments valued at US$ 31.54 million and 10 local investments valued at K 36,282.57 million were permitted creating more than 2,000 job opportunities in Kayin State.
The gypsum powder production and distribution work of Pyi Thu Dana Co., Ltd., is situated on 4.05 acre of land in Hpa-an Industrial Zone 2 beside Hpa-an to Hlaingbwe road. A total investment of K 2,046.37 million will be made creating 51 jobs according to state Directorate of Investment and Company Administration. —Saw Myo Min Thein (IPRD)
(Translated by Zaw Min)