600+ entrepreneurs apply for registration in Yangon in 2023-2024 FY

More than 600 entrepreneurs have applied to register small-scale enterprises in Yangon Region for the financial year 2023-2024, as stated by U Thet Naing Oo, Director of the Small-Scale Industries Department for Yangon Region.
Highlighting the application process, the director mentioned, “We received 638 applications, with a majority focused on the food manufacturing sector. Our laboratory rigorously tests their products to ensure safety and quality standards before granting permits”.
Moreover, he revealed plans for training classes aimed at empowering local communities to establish their own businesses in the region.
“From these trainees, we select five individuals and provide them with the necessary equipment. This initiative has facilitated the emergence of 45 entrepreneurs across nine townships during the 2023-2024 financial year. We intend to expand this programme to support 80 entrepreneurs across 16 townships in the upcoming year,” he said. The department remains committed to promoting the production of value-added agro-based products and handicrafts derived from natural resources. It also focuses on disseminating knowledge and technology to enhance the production of high-value goods among household enterprises, conducting product testing in laboratories, and offering vocational training. — ASH/NT

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