The Yangon Region Investment Committee (YRIC) endorsed five domestic and foreign enterprises with an estimated capital of K8.95 billion and US$7.02 million at the recent meeting 12/2023 held on 27 December, creating over 1,700 jobs for residents.
Among them, three are enterprises invested by Myanmar citizens and two are wholly foreign-owned enterprises.
Those endorsed enterprises will execute apparel manufacturing on a Cutting-Making and Packaging basis designated for absolute export, value-added rice production of international standard, various pulses milling, and processing for 100 per cent exports, cutting and trimming construction stone for the domestic market, and wearing apparel production on a CMP basis.
At the meeting, nine companies also raised general matters. — NN/EM
YRIC nods five domestic, foreign enterprises to create over 1,700 jobs
- December 29, 2023
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