EV assembling plants inquire to invest in Ngazun’s MIPC

Overseas electric vehicle companies are discussing with the officials of Myotha Industrial Park City (MIPC) in Ngazun Township, Mandalay Region, to find out investment opportunities for establishing EV factories at the MIPC, according to Mandalay Myotha Industrial Development Public Co., Ltd.
Myotha Industrial Park City is an industrial zone project developed by the Mandalay Region government and the Mandalay Myotha Industrial Development Public Company. The park currently has more than 20 factories invested by companies from nine countries, and 23 more factories scheduled to start operation in 2025 are being constructed. The park will also see an animal feed manufacturing plant and other foodstuft factories operating in the coming years, according to the Mandalay Myotha Industrial Development Public Company which is building concrete lanes connecting between the Mandalay International Airport and the park.
Local and external investors are invited to investment in the MIPC and the MIPC officials will reportedly provide the necessary assistance for the interested investors in application processes to seek the permits from the Myanmar Investment Commission and the relevant ministries. — ASH/ TMT