MIFER Union minister tours foreign/domestic/joint-venture investment companies in Mandalay

Union Minister for Investment and Foreign Economic Relations U Aung Naing Oo made tours to foreign/domestic/joint-venture investment companies in Mandalay Region on 10 December and coordinated work requirements.
During the visit to New Hope (Myanmar) Company Limited, a 100 per cent foreign investment company with the permission of the Myanmar Investment Commission, in TadaU Township, the Union minister supported the production and distribution of feedstuffs by the company. The managing director of the company explained the operation, difficulties encountered and further plans. The Union Minister then coordinated business matters to increase productivity.
Afterwards, the Union minister arrived at Europe & Asia Beverages Company Limited owned by a Myanmar national, which manufactures and distributes various soft drinks and water. While the company executive director presented the operation of the factory and matters related to promoting domestic production, market and business expansion, and the Union minister provided necessary advice on the project and toured the factory.
He also visited Aung Kan Bo Motorcycle Industrial Company Limited, a joint-venture foreign investment company, which is engaged in the production and sale of motorcycles and spare parts, and coordinated necessary coordination to address difficulties for the business.—MNA