Eight firms get all clear to open
The Myanmar Investment Commission has granted permits to eight companies, including cement and clothing manufacturers, potentially creating an estimated 4,700 jobs.
There are four foreign companies, three joint-ventures and one domestic, publicly owned company.
The four foreign companies which got the green light for the establishment of cut-make-pack (CMP) clothing factories are Timbermar Apparel Co, Ltd, Prettex Co, Ltd, Myanmode Co, Ltd and Oumi Fashion Co, Ltd.
The three joint-ventures are SKP Food Co, Ltd for a snack factory in South Dagon industrial zone in Yangon, Myanmar Hachiya Paper Box Co, Ltd in Hlaingtharyar Industrial Zone no.2 and Myanmar Than Taw Myat Co, Ltd for a cement factory in Kyaukse Township in Mandalay Region.
The publicly owned Pacific Food Industries Ltd got a permit for the production of dairy products in the Hlaingtharyar Industrial Zone no.3.