Local entrepreneurs have been invited to invest in copper and chromium mining along the valley in eastern part of Chin State (Dr. Min Zaw Oo, Director of Chin State Directorate of Investment and Company Administration)

Local entrepreneurs have mainly been invited to invest in mining along the valley in eastern part of Chin State adjacent to Sagaing and Magway regions as the area has potential for copper and chromium deposits, said Dr Min Zaw Oo, director of Chin State Directorate of Investment and Company Administration.

"Along the stretches of the eastern Chin State valley there are good prospects for exploring minerals, especially chromite and copper. They can apply for mining businesses. They can work on a manageable, small or medium scale. It will be smoother for small or medium scale businesses as even the state authorities can pass approval. Local miners are mostly invited. For foreign investors, the government needs to consider a little," said Dr Min Zaw Oo.

As the private sector in Chin State tries to develop, local people are found to be establishing companies owned by individuals or groups.

Since the tender system was launched to carry out construction tasks in Chin State under the previous Thein Sein government, rich people in the state have been establishing private companies.

There were just over 10 private companies established by local residents in the state in 2011. But the number increased to over 100 in 2015 and nearly 500 in 2017, according to a report on challenges and opportunities in regional economic development in Chin State.

Some of the challenges are language barrier for local entrepreneurs who cannot speak Myanmar well, difficult communications and work experience, the report pointed out.  

(Eleven Media Group: https://elevenmyanmar.com/news/locals-invited-to-invest-in-chin-states-copper-chromium-mining )

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