Vice-Chairman of the State Administration Council Deputy Prime Minister Vice-Senior General Soe Win, in his capacity as the Chairman of the Central Committee on Industry and Industrial Zone Development, addressed the Central Committee’s meeting (1/2024) held at the hall of the Ministry of Industry in Nay Pyi Taw 29 May. In his speech, the Vice-Senior General underlined the following salient points:
- It is required to establish industrial zones under the economic development framework of the State in order to give access to investment by local and foreign entrepreneurs.
- Myanmar has established 28 main industrial zones and 53 branches in addition to five industrial wards. Two more industrial zones are under establishment.
- It is necessary to develop the already set up industrial zone and manage them with amending the points not in compliance with the law and by law on one hand.
- The central committee needs to adopt policies and solve difficulties, whereas the local industrial zone establishment and supervisory committee, and regional governments have to supervise the successful implementation of the already set up industrial zones and those to be established, and the industrial zone management committees play a vital role in these measures.
- As some industrial zones, branches and industrial wards are complicated with public residences, it is necessary to seek the solutions for these measures under the industrial zone law and bylaw.
- Construction and supervisory committees for industrial zones by regions have to monitor whether permitted businesses are actually operating in the same categories of the zones.
- As the country is pursuing market economy system, it is necessary to sufficiently manufacture products needed in the country and to support the needs of investment projects.
- It is necessary for industrial zones managed by regions and states to implement tasks successfully in the same way as Thilawa Special Zone in accordance with the laws, rules and regulations of industrial zones.
The Vice-Chairman of the Central Committee Union Minister for Industry reported on drafting of industrial zone law and by-laws, and formation of committees and supervision and tactics for the development of industrial zones. The meeting was attended by committee members of Union ministers, Magway Region chief minister, deputy ministers, departmental heads and other officials, it is reported.
Source: MWD (30-5-2024)
- It is required to establish industrial zones under the economic development framework of the State in order to give access to investment by local and foreign entrepreneurs
- It is required to establish industrial zones under the economic development framework of the State in order to give access to investment by local and foreign entrepreneurs.
- As the country is pursuing market economy system, it is necessary to sufficiently manufacture products needed in the country and to support the needs of investment projects.
- It is necessary for industrial zones managed by regions and states to implement tasks successfully in the same way as Thilawa Special Zone in accordance with the laws, rules and regulations of industrial zones.