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December 11, 2019

Shan State Investment Forum slated to be held in November

The Shan State Investment Forum will be held on 26 November at the Royal Taunggyi Hotel, Taunggyi, Shan State to promote investments in the agriculture sector in the state.

Shan State is the main producer of Potato. 
Photo : supplied

The forum is being organized by the Myanmar Investment Commission (MIC), Shan State Investment Committee (SSIC), and supported by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).
Senior officials from concerned ministries and representatives from the private sector will join the forum as speakers and panelists and cover investment opportunities in the agricultural sector, according to the Directorate of Investment and Company Administration (DICA).
Additionally, a site visit to agriculture farms and food processing industries will be organized on 27 November in Southern Shan State.
Shan State is strategically located in terms of business and investment as it shares borders with Laos, Thailand, and China. The state is the largest in Myanmar, accounting for 23 per cent of the land area of the
country.
Shan State has good potential for investment in agriculture and food processing industries. Also, with its highland climate, Shan State is the main producer of some fruits, vegetables, and crops such as rice, corn, maize, wheat, garlic, potato, ginger, sweet potato, coffee, herbs, and spices. The state also possesses a young labour force, along with rich natural resources and fertile agricultural land.
Those wishing to participate in the forum can register for free on the website www.shanstateinvestmentforum2019.com by 19 November.
The MIC has been organizing investment fairs to attract local and international investors and to ensure the states and regions develop more evenly.
The DICA has been apprising local and international investors of the latest developments such as the recent enactment of the new Myanmar Investment Law and new investment opportunities.
Under the new Myanmar Investment Law, those investing in undeveloped regions will be given tax exemptions as an incentive. The new law has also authorized Investment Committees of regions and states to approve local and foreign projects where the initial investment does not exceed K6 billion, or US$5 million.—GNLM

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