Agribusiness Service Center projects to start in four townships

Farmers planting rice in the field by using rice planting machine. Photo: Chit Thet Lwe (EainMe IPRD)
Farmers planting rice in the field by using rice planting machine. Photo: Chit Thet Lwe (EainMe IPRD)

The implementation of Agribusiness Service Center (ASC) projects will begin in Ayeyawady, Yangon, and Mandalay regions and Rakhine State, according to a press statement issued by the Myanmar Rice Federation (MRF).
The four projects will pull in investments of US$140 million, and they are slated to be completed in the 2020-2021 fiscal year, according to the federation.
The MRF, the China International Trust Investment Corporation (CITIC) Group, and the Myanmar Agribusiness Public Corporation (MAPCO) signed a cooperation agreement for the ASC projects last Friday at the Park Royal Hotel in Nay Pyi Taw.
MAPCO, MRF, and the CITIC Group had signed a Memorandum of Understanding (MoU) on 21 July, 2017 in Nay Pyi Taw. The centers will be constructed in ten states and regions.
The consortium submitted a $400-million proposal to the Myanmar Investment Commission to construct 33 centers in states and regions. It is also seeking contracts for international loans and local investments, according to the MRF.
It has discussed the projects with the respective state and regional governments.
During Phase I, four ASC projects will be implemented in Kyaiklat Township in Ayeyawady Region, Twantay Township in Yangon Region, Madaya Township in Mandalay Region, and Kyauktaw Township in Rakhine State, according to the signing ceremony of the cooperation agreement.
The ASC projects include boosting production and quality of agro products, promoting exports, providing technical assistance on contract farming to farmers in project areas, and post-harvest handling and treatment methods, distributing pedigree seeds, quality fertilizers, and agro chemicals, and systematic drying and milling processes.
“I would be very happy to see agribusiness service centers in our region,” said a local farmer from Twantay Township.—GNLM (Translated by Ei Myat Mon)

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