Japanese companies are becoming interested in the local industry which will manufacture products in Myanmar and export to neighboring countries according to Mr. Ichiro Maruyama, Japanese Ambassador to Myanmar at Japan-Myanmar Resource, Trade and Investment Expo 2019 at Inya Lake Hotel in Yangon on October 19.
“As Myanmar has many populations, Japanese companies are very interested to produce products in Myanmar and to export to China, Thailand and India. Moreover, they are also interested to import raw materials from neighboring countries and produce products in Myanmar. Then, sell the products in the local market,” said Mr. Ichiro Maruyama.
Japan stands in 10th place on the list of 50 countries which have made investments in Myanmar. Japan tops the list of FDI in Thilawa Special Economic Zone, accounting for 36 per cent of total investments.