UNION Minister for Investment and  Foreign  Economic  Relations, Vice-Chairman of Myanmar  Investment  Commission  U  Aung  Naing  Oo  met  with  the  Chairman  and  members  of Kayah State Administration Council  and  Kayah  State  Investment Committee members at the office of Kayah State Investment Committee’s meeting room in the morning of 13 May 2021.

At the meeting, the Union Minister  said  that  investors  are  interested  in  Kayah  State  due  to  its  vast  investment  opportunities, and the Myanmar Investment Commission (MIC) and Ministry of Investment and Foreign  Economic  Relations  (MIFER) will continuously sup-port  investment  promotion  of  the State. He also emphasized facilitating  the  investment  in  accordance with the Myanmar Investment  Laws,  Rules  and  procedures and encouraged to monitor and provide necessary assistance  to  the  existing  investments which were permitted  by  MIC  and  endorsed  by  State Investment Committee.

The  Union  Minister  informed  that  Myanmar  Investment Commission is formulating the investment policies and strategies  in  line  with  the  five  points Road Map and nine objectives of the State Administration Council and the State Committee  was  urged  to  promote  the  investment  in  agriculture  and livestock sector, renewable energy  and  MSMEs  development as quick-win projects.

The Union Minister under-scored to facilitate the process of obtaining endorsement permit  timely  in  accordance  with  investment laws and rules and to encourage the manufacturing and service sectors by creating investor-friendly environment.

The Union Minister  explained  the  current  banking issue due to the act of political agitators  and  urged  the  State  committee  to  disseminate  information  of  the  government  efforts  to  address  the  public  concerns.

Then,  the  Chairman  of  Kayah  State  Administration  Council  and  the  Chairman  of  Kayah State Investment Committee  discussed  the  matter  related to the investment promotion activities and the future development programme. After that, the Union Minister responded to the comments and questions raised by the committee members.

The  Union  Minister  also  met with the investors and he informed  the  government’s programme to  support  the  business  and  coordinated  and  facilitated  some  trade  and  investment  issues  raised  by  the  investors.

MNA

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