Shan State government will be allowed local and foreign investments across seven sectors including basic infrastructure, hotel and tourism, agriculture, electricity and energy sectors in Shan State

Shan State government will allow local and foreign investments across seven sectors including basic infrastructure, hotel and tourism, agriculture, electricity and energy sectors in Shan State, sources said.

The sectors are basic infrastructure and land development, natural resources, hotel and tourism, agriculture, electricity and energy and education.

In basic infrastructure and land development, there are about 800 acres of development land and about 547 acres of non-development land in Yatsauk Township. While Yatsauk is on eof the least developed area in southern Shan State, investors are interested in the township as agriculture and livestock sectors has strong potential in the township. It also has a road connecting to northern Shan State.

Businesses invited for natural resources sector are a cement factory in Ywangan, construction of fertilizer factory and others in Taunggyi-Ayethaya zone, China-Myanmar economic collateral and mining in Muse and Chinshwehaw.

Salai Lian Luai, Chief Minister for Chin State urged local and foreign investors to also make investment in mining, agriculture and livestock sectors as their products can be sold to foreign countries via maritime trade from Paletwa.

There are over 10,000 acres of agricultural land in Mandalay Region and the regional Chief Minister Dr Zaw Myint Maung urged the investors to make investment in farming sector.

“The main source of the region is agriculture products. The regional government is leading the charge to introduce a food safety program. We are trying to export groundnut oil with the regional government budget. We will establish a collective farm in the region to produce exportable groundnut oil. We don’t want chemicals in our vegetables. We are testing to plant chemical-free vegetables,” he said.

(Eleven Media Group: https://elevenmyanmar.com/news/local-and-foreign-investments-to-be-allowed-in-shan )

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