THE Ayeyawady Region Investment Committee (YRIC) endorsed 11 foreign enterprises and 24 domestic businesses to make investments in the region between February 2021 and February 2026, creating 10,000 jobs for locals.
Agriculture is the backbone of Ayeyawady Region’s economy. Investors mostly invest in rice and related businesses and garment manufacturing. The regional investment committee has been implementing measures to facilitate exports and investment.
During the February 2021-February 2026 period, the committee also allowed some existing enterprises to make capital expansion and an increase in the labour force. The regional investment committee has been endorsing investment projects in accordance with rules and regulations under the Myanmar Investment Law to spur investments and create more job opportunities. — ASH/KK
