Union Minister for Investment and Foreign Economic Relations, Vice-Chairman of Myanmar Investment Commission U Aung Naing Oo met with the Chairman and members of Kayin State Administration Council and Kayin State Investment Committee members at the office of Kayin State Investment Committee’s meeting room in the morning of 29th April 2021.
At the meeting, the Union Minister highlighted the strategic location of Kayin State and growing interest of investors due to the neighboring with Thailand. Therefore, the investment promotion and facilitation measures provided by the Kayin State Committee in accordance with Myanmar Investment Law and Regulations are crucial for attracting investors. The Union Minister also encouraged the Committee to monitor and provide assistances to the existing investments which were permitted by MIC and endorsed by State Investment Committee.
The Union Minister explained that MyanmarInvestment Commission is formulating the investment policies in line with the five future programme and nine- objectives of State Administration Counciland advised the Committee todevelop the priority investment areas particularly for agricultural sector, renewable energy sector and MSMEs by designing potential quick win projects.
The Union Minister also urgedthe Committee to facilitate the process of obtaining endorsement permit timely in accordance with investment laws and rules,and to encourage the manufacturing and service sectors by creating investor friendly environment.
Then, the Chairman of Kayin State Administration Council and the Chairman of Kayin State Investment Committee discussed the investment promotion activities and the Union Minister responded the comments and questions raised by the committee members.
After that, the Union Minister proceeded to Hpa- AnIndustrial Zone and met with investors and merchants from Kayin State at the meeting room of Industrial Zone, and explained the government efforts of investment promotion and facilitation and providing assistance to investors to recover from the reverse effect of COVID-19pandemic.
During the meeting, the Union Minister, coordinating with relevant government agencies, facilitated some trade and investment issues raised by the investors.