According to the Kachin State Investment Committee, two companies have received approval to invest in Kachin State, creating more than 1,500 job opportunities.
These two companies, namely Sangyoung Myanmar Investment and Sin Xin Myanmar Myitkyina, commenced their operations at the beginning of August.
Their investment focus includes the cultivation of macadamia, passion fruit, and rubber. They are committing $0.878 million for the cultivation of macadamia and passion fruit, along with an additional $0.10 million for rubber cultivation. Notably, Myanmar’s macadamia and passion fruit are primarily purchased by China and Thailand, fetching K280,000 per kilogramme, while 75 per cent of the rubber output is also bought by China. — TWA/KZW
