Bago investment committee endorses 1 US$1.2M project in August

The Bago Region Investment Committee (BRIC) greenlit one foreign enterprise with an estimated capital of US$1.2 million, according to its meeting held on 16 August.
Between 1 February 2021 and August 2024, $201.315 million and K81.11 billion flowed into the region, creating 12,490 jobs for locals.
The factories in the designated area of the industrial park are given priority for investments. The labour-intensive businesses, such as CMP enterprises and import-substitution businesses with local products, will be prioritized as well. Additionally, BRIC endorses food processing factories in the region after conducting social and environmental impact assessments in line with rules and regulations of the Food and Drug Administration to ensure food safety. — ASH/KK