The Launch of the Myanmar Investment Promotion Plan (MIPP) to attract more than US$ 200 billion in 20 years

The Launch of the Myanmar Investment Promotion Plan (MIPP) to attract more than US$ 200 billion in 20 years

Posted on 19 October 2018

The Launching ceremony of the Myanmar Investment Promotion Plan (MIPP) was held at the Sedona Hotel in Yangon on 18th October 2018 in order to improve the responsible investment and to attract more than USD 200 billion next 20 years.  

            In that event, U Aye Lwin, member of Myanmar Investment Commission said that MIPP can benefit more not only to government but also to local businesses. He also urges all the stakeholders to cooperate for implementing the promotion plan successfully.  

            MIPP was jointly formulated by Myanmar Investment Commission (MIC) and Japan International Cooperation Agency (JICA) to implement the objectives of MIPP by adopting strategies and setting up the Task Forces. The event was attended by  a total of 180 representatives from JICA, Deutsche Gesellschaftfür Internationale Zusammenarbeit GmbH (GIZ), local and foreign Chamber of Commerce and Industries, officials from relevant ministries and DICA and local and foreign media.

            At the event, U Aye Lwin, member of MIC and Mr. Masayuki Karasawa, Chief  Representative of  JICA delivered the opening remarks. After that, U Than Aung Kyaw, Deputy Director General and Mr. Kazuo Mishima, Team Leader of JICA, made presentations on the MIPP respectively.