YRIC approves 8 foreign and JV firms for new manufacturing investments
THE Yangon Region Investment Committee
(YRIC) endorsed seven foreign enterprises and one joint venture to make
investments of US$12.408 million in the manufacturing sector, at the meeting
held on 26 November, creating 6,786 jobs for locals.
“YRIC granted seven wholly foreign
businesses and one joint venture to operate manufacturing of manufacturing of
various kinds of wearing apparel, garment, poly resin ornaments, Christmas ornaments,
home decorations, ceramic, Porcelain Figurines, Cold Cast Bronze Ornaments,
collectibles of earphone and accessories on a Cutting, Making and Packaging
basis and marketing and distribution of various kinds of plastic bags,” said
an official of the YRIC.
The committee members inspected general
issues of 18 companies, including the capital expansion of three businesses.
The regional investment committee has been endorsing investment projects in
accordance with rules and regulations under the Myanmar Investment Law to spur
investments and create more job opportunities. — ASH/KK
No comments