Infrastructure is crucial to attract more foreign direct investment (FDI) (Directorate of Investment and Company Administration – DICA)

The local investments outnumbered that of foreign in Nay Pyi Taw council area, according to Director of DICA.

At present, there are 21 businesses invested by local citizen and 6 businesses by foreigners in Nay Pyi Taw council area.

Director, DICA (Nay Pyi Taw council). Aye Sandar Lwin said “There is 541 billion kyats of local investment and 59.65 million USD of foreign investments in Nay Pyi Taw council area. The local investment in Nay Pyi Taw council reaches 3.65% of the investment in the whole country.”

More job opportunities will be created when more foreign investments are attracted, Director added.

Nay Pyi Taw council area has potentials to do business due to the spacious land and electricity is fully provided, director said.

Director, DICA (Nay Pyi Taw council), Aye Sandar Lwin said “At present, there are Japanese vegetable drying plant and some rice mills. If we could provide more infrastructures and attract to foreign investments, more job opportunities could be created and that will contribute to the socio-economic development of the area.”

At present the export goods are transported by rail and airway. But there are still challenges to export goods by waterway. It is said that smooth transportation can also be attracted to foreign investments.

There are investments in industry, transportation and telecommunication, livestock and fishery sector, tourism and other sectors. Among them, transportation and telecommunication sectors attract more investment.

(Myanmar International TV Channel: http://www.myanmarinternationaltv.com/news/fdi-nay-pyi-taw-infrastructure-crucial-attract-more-investment )

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