Investment Sector of Bago Region: More Employment Opportunities for Local People

At the meeting of Bago Region Investment Committee, two of foreign investments such as People’s Republic of China and Japan increased their investments to 6.1 million USD.

So also, local employment opportunities increased to almost 1,500. According to the foreign and local investment sector of Bago region, from February 2021 to May 2022, there was 123.712 million USD of foreign investment and 9529.15 million kyats for local investment. Getting of foreign and local investments, job opportunities for local people increased to over 7,400.

Director, DICA, Bago Region, Ko Ko Latt said "At the Bago Region Investment Committee’s meeting, the government allowed hundred percent of two foreign investments. The first one is the garment industry of the People’s Republic of China which is located on the road to Tha Nat Pin and the factory cost 3 million USD. The next one is the gloves industry on the land of five acres and it costs 3.1 million USD. This industry produces and distributes the sport gloves. Two industries are providing a total of 8,000 job opportunities from February 2021 to date. Garment industries and wind turbines industries to produce electricity will enter and create a number of job opportunities for local people."

According to the director, the investment from the Korea is in the initial status in the region and it’s hoped to be increase in the near future.