Mon State Investment Fair was held on 29th and 30th November. During the event, Mon State government invites investors to invest in six sectors to help boost the state’s economy.
The six sectors are agriculture, fisheries, tourism, trade and logistics, manufacturing and infrastructure.
Dr Aye Zan, Mon State Chief Minister said both local and international organizations are invited to explore investment opportunities in Mon State and they will try their best to support the investors. Mon State’s location has a strong potential to leverage on the trade channels with Vietnam, Laos, Cambodia, and Thailand. Moreover, they are also working toward on supporting tourism development in Mon State, as there are many beautiful areas to be discovered.
“We are seeking local and foreign investment to develop cold storage and cold chain infrastructure which will support the agriculture sector in Mon State. We are also seeking companies to invest in packaging systems and to provide services around dehydration of fruits and vegetables,” said U Htun Htay, Mon State Minister for Ministry of Agriculture, Livestock, and Transportation.
“Myanmar has resources such as good soil and a variety of climatic zones to grow different crops. However, one of the key areas that need to be addressed is inefficient production. Our recommendations to overcome this include introducing contract farming where agricultural production is carried out according to an agreement between a buyer and farmers; to provide education to farmers to improve their production level, and to encourage farmers to grow other higher-value crops,” said one of the speakers at the event Gopikrishana Rengasamy, director for infrastructure and energy with consultants KPMG Singapore.
There are 38 foreign and 42 local businesses which worth around US$5 billion have invested in the state until now.
Sources: The Myanmar Times