A total of 93 foreign and domestic investments have entered and operated in Mon State, according to head of the Mon State Directorate of Investment and Company Administration U Tin Tun Aung,
A total of 56 businesses owned by Myanmar nationals amounting to K934,758.248 million and 37 foreign investments amounting to US$5,136.396 million are being operated in Mon State from 2021-22 FY to 2023-24 FY. Those investments employed 4,487 individuals, the report indicated.
“The Mon State Investment Committee’s 1/2024 meeting green-lighted the manufacturing of motorcycles that Min Oo Motor Myanmar Co Ltd will operate with full Myanmar national investment and extension of developing stage of the business of purification, upgrading, manufacturing and exporting of rubber that will be run by M Rubber Co Ltd with full Myanmar national investment in last January,” U Tin Tun Aung said.
The Mon State Investment Commission’s 1/2024 meeting was held on 31 January 2024 at the office of the Mon State Government, and it was attended by the Chairperson of the Mon State Investment Commission Mon State Chief Minister U Aung Kyi Thein and committee members, and investors.
The Mon State Investment Committee has been permitting Myanmar national and foreign investments to create job opportunities within Mon State as per rules and regulations. — ASH/ TMT
