Investment Affairs: Bago Region Investment Committee Meeting No. 4/2023

Bago Region Investment Committee held its meeting No. 4/2023 at the Regional Government Office on 11th June.

First, Bago Region Chief Minister U Myo Swe Win said that Bago is a region which mainly carries out Agriculture and Livestock breeding. Works are underway to develop the MSMEs based on the Agriculture and Livestock products from the region. There are over 100,000 acres of land for rubber cultivation and rubber raw materials are being exported abroad.

The country will get more benefits if the raw materials will be produced as finished goods. The Chief Minister called on attendees to ensure that the area of ​​rubber plantation does not decrease and to carry out to obtain good varieties of rubber.

He also added that dairy products factories will be invited and assistance will be provided for raising milch cows to ensure there is no shortage of raw materials. He also called for efforts to attract more domestic and foreign investors in the region.

Next, director of the Directorate of Bago Region Investment and Company Administration made a PowerPoint presentation on acceleration of exports, producing new products, building up more factories and expanding the construction period.

And, this meeting continued with discussions and the Chief Minister coordinated the discussions. It’s reported that from February 2021 to June 2023, there’re over 176 million USD of foreign investment and more than 7 billion kyats of local investment and job opportunities were created for over 7,000 people in Bago Region.