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Yangon Region Investment Committee allows investment of Myanmar citizen, foreign investment

The Yangon Region Investment Committee approved an investment of Myanmar citizen and a foreign investment which can create job opportunities for 635 local people. The committee held the 4/2021 meeting at its office in Yankin Township yesterday, attended by the committee chairman Yangon Region Administration Council Chairman U Hla Soe. The committee allowed K2,500 million investments for the production of quality rice and broken rice for export purpose and US$1.643 million foreign investment for the manufacturing of the garment industry through the CMP system. The chairman, members U Aung Than Oo, U Htay Aung and Secretary Director of the Directorate of Investment and Company Administration and the directors from Environmental Conservation and Myanmar Trade Promotion Organization discussed matters related to reports of three companies.

Source: The Global New Light of Myanmar

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