Investment and Development news of Myanmar

[Aung Zaya]

Good job! Are these factories being made in SEZs? Which ones if so?

Suzuki's second plant is building in Thilawa SEZ where is planned to assemble another type of sedan cars. Currently they're making Ertiga and Ciaz in Yangon first Plant..

Ertiga Launch

Ciaz Launch ( Model is cute )

Nissan want a huge land in Thilawa SEZ to manufacture at least 2 types of Nissan cars.. but Thilawa SEZ phase one is almost full. phase 2 is under-consruction and will be completed in 2018. So they chose to base Bago industrial zone which is fully operating now. after the second one is finished, the production would be rise up to 2000 per year..

Korean KIA cars are already assembled in at Yangon plant making 2 type of car..

Ford and Chinese Lifan is seeking land to set up assembly plant in Thilawa and Bago region.. they will be 4th and 5th car producers in Myanmar..

Well,local companies will produce cars in the near future.Walton,Bangladesh's leading electronics company already makes a decent range of motorcyles and would probably make cars in the near future.Not Nissan or Ford,its an indigneous company making indigneous vehicles.

cars like Suzuki , Nissan , KIA and Ford are well-known and trusted car brands in the world.. no need to rebrand them when they distribute.. but the new brand is different.. it's hard to compete in both price and quality due to its low capacity production , branding expanse etc .. whatever congratz to Walton and appreciated its effort..

 

[Nilgiri]

but the new brand is different.. it's hard to compete in both price and quality due to its low capacity production , branding expanse etc .. whatever congratz to Walton and appreciated its effort.

Shhhhhh, dont diss Walton the General Motors of Bangladesh

 

[Aung Zaya]

Shhhhhh, dont diss Walton the General Motors of Bangladesh

not Ford , not Nissan... JUST WALTON.. BD stronk.. !!

 

[~Phoenix~]

cars like Suzuki , Nissan , KIA and Ford are well-known and trusted car brands in the world.. no need to rebrand them when they distribute.. but the new brand is different.. it's hard to compete in both price and quality due to its low capacity production , branding expanse etc .. whatever congratz to Walton and appreciated its effort..

I meant an indigneous company.Apparently,there would be a huge cost reduction of car prices when they are made locally and more people can afford them.
By the way,is there a Myanmarnese company capable of manufacturing cars? Oh,wait,its just a 60-70 billion rag-tag country...its not even worthy of such things.

 

[Bilal9]

not Ford , not Nissan... JUST WALTON.. BD stronk.. !!

C'mon man - stop trolling.

You know why Japanese companies want to make cars in Myanmar.

Your local demand is unbelievable, there is strong demand locally because there wasn't any import prior to it.

Simple.

The day when there is local brand in both Bangladesh and Myanmar is when we should be proud.

Before then - everything is exploitation by foreigners.....for cheap labor and taking advantage of our low tech situation.......

 

[Aung Zaya]

I meant an indigneous company.Apparently,there would be a huge cost reduction of car prices when they are made locally and more people can afford them.

making a cars is very different that of bike..may be u're right if they can get free for number of R & D expanse , safety issue , various spare parts production ( coz they will be only one who used these parts ) etc.. the only possible is ur gov might reduced the tax upon local cars.. if not , there is no way to compete in price with international brands..

C'mon man - stop trolling.

yes. bro
but i response in the same ways to this troll.. now ok..

You know why Japanese companies want to make cars in Myanmar.

Your local demand is unbelievable, there is strong demand locally because there wasn't any import prior to it.

Simple.

yes.. our car market was being import- oriented since long time ago.. our demand is huge and we imported more than 670,000 cars within 5 years..

Since 2011, Myanmar has imported more than 670,000 cars
http://yangon.coconuts.co/2016/07/04/2011-myanmar-has-imported-more-670000-cars

Japan car makers know that point.. they know they can get many profit if they assemble cars locally.. Toyota also mull to shift their plants from Thailand to Myanmar.. coz their plants in thailand suffer flood every year..

The day when there is local brand in both Bangladesh and Myanmar is when we should be proud.

Before then - everything is exploitation by foreigners.....for cheap labor and taking advantage of our low tech situation.......

sure..!! making our own would be pride for our countries.. but there are a long way to go to get that position..

 

[~Phoenix~]

making a cars is very different that of bike..may be u're right if they can get free for number of R & D expanse , safety issue , various spare parts production ( coz they will be only one who used these parts ) etc.. the only possible is ur gov might reduced the tax upon local cars.. if not , there is no way to compete in price with international brands..

Locally made cars would be atleast 5 times cheaper.That is because there is no 600% import tax as it is made locally.

Kira.

 

[Aung Zaya]

Somkid mission aims to double bilateral trade with Myanmar
THAILAND and Myanmar will strengthen trade and economic cooperation under a strategic-partnership strategy aimed at doubling bilateral commerce within the next five years.
The two countries’ governments and private sectors will this week sign 15 memoranda of understanding to promote trade, investment and service growth.

Deputy Prime Minister Somkid Jatusripitak will today lead an official Thai delegation and 22 private companies and organisations on a mission to Yangon and Nay Pyi Taw.

During the trip, he will visit Myanmar President Htin Kyaw and State Counsellor Aung San Suu Kyi.

Thai Commerce Minister Apiradi Tantraporn, who will also be on the mission, said yesterday that under their closer strategic partnership, Thailand and Myanmar would double bilateral trade to US$13 billion (Bt457 billion) by the end of 2021.

“Thailand and Myanmar will forge closer ties in many areas to strengthen trade and investment growth, while they will also help increase competitiveness for the private sector, especially SMEs [small and medium-sized enterprises], and help Myanmar people to trade online,” she said.

The 22 companies on the mission are from a wide range of sectors, such as construction, property development, agro-industry, telecommunication and innovation, infrastructure development, energy, retail, consumer products, finance, services and education.

During the mission, participating companies will sign at least 15 MoUs concerning cooperation between the two sides, covering such fields as energy, medical, media, banking, and the plastics and sugar industries.

Moreover, the Commerce Ministry will join with the Board of Investment of Thailand to set up a Thailand-Myanmar Business Cooperation council in Yangon, which more than 300 businesspeople from both nations will join, Apiradi said.

In a separate matter, the Asian Development Bank (ADB) and the government of Myanmar have agreed to partner up in promoting public-private partnerships (PPPs) in the transportation sector.

The ADB will provide strategic and transaction advisory services to support the Myanmar government’s bid to identify and develop transportation projects through PPPs.

The agreement was signed yesterday at a ceremony in Nay Pyi Taw by Win Khant, permanent secretary at the Transport and Communications Ministry, and Winfried Wicklein, the ADB’s country director for Myanmar.

Thant Sin Maung, Myanmar’s minister of transport and communications, and Ryuichi Kaga, head of the ADB’s Office of Public-Private Partnership, witnessed the signing.

“The improvement of transport infrastructure is a top priority for the government, as this is critical to improving people’s access to markets, as well as to basic services such as health and education,” Thant Sin Maung said.

“A number of our priority transport investments will deliver better results if undertaken in partnership with the private sector.”

Kaga said: “The ADB has been playing a very active role in supporting Myanmar with policy advice on PPPs, and improving Myanmar’s transport infrastructure is critical to achieving inclusive growth in Myanmar.

“PPP is an important instrument in delivering infrastructure, and the ADB is looking forward to assisting the government in developing priority transport projects that could be structured on a PPP basis to mobilise private capital flows.”

As the Transport and Communications Ministry’s mandated strategic and transaction adviser, the ADB will help in screening and prioritising projects, undertaking due diligence, and structuring work with a view to placing these projects in the market for private-sector investment.
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Myanmar firm courts agro-industry park investment
Farmers load bales of hay to their cart in a field in Naypyitaw, Myanmar, on Dec 23, 2016. (AP photo)

A Myanmar company is building the first of several planned agricultural industrial parks in Ayeyarwady region aimed at attracting foreign and local investment into agriculture and agri-business.

Ye Min Aung, managing director of Myanmar Agribusiness Public Corporation (MAPCO), said the Myaungmya township-based project is small-scale but innovative. Basic infrastructure including roads, a jetty and an electricity supply are already in place, he added.

Construction of the park is expected to be fully finished by November 2018, he said, and is one of several planned.

"MAPCO has a plan to build small and medium-scale agro-industrial parks in areas where agriculture is very much specialised," he said. "The intention is to support and revitalise agribusiness activities and to promote domestic production of value-added products."

MAPCO plans to investment US$12 million (427 million baht) in Myaungmya township park, and international investors are already interested in putting their own money to work.

"Investors from Japan, Thailand, China and Taiwan have investors proposed investing in the industrial park so far," he said. Prospective investors are showing interest in setting up milling operations for things such as rice, animal feed, oil and other agri-food industries, he added.

Data from the Directorate of Investment and Company Administration showed that as of December there had been no approved foreign investment in the agriculture sector for the 2016-17 financial year.

Than Aung Kyaw, DICA deputy general, told The Myanmar Times the main reason for the lack of foreign investment is strict rules over foreign ownership of land. There are also few areas of agricultural investment where full foreign ownership is permitted.

But the Myanmar Investment Commission has been slowly reducing the list of enterprises where a local partner is required. In March 2016, it allowed full foreign ownership for the production and distribution of hybrid seeds, production and propagation of high-yield and local seed.

Than Aung Kyaw said that the MIC, of which DICA acts as the secretary, was likely to continue to relax restrictions on foreign investment in agriculture.

 

[Aung Zaya]

News > Asean Firms urged to invest in Myanmar 4 Feb 2017 at 08:00 923 viewed0 comments NEWSPAPER SECTION: BUSINESS | WRITER: CHATRUDEE THEPARAT A Myanmar vendor selling food at Mae Sot...

The Thai private sector is being urged to set up industrial estates or special economic zones (SEZs) in Myanmar as the neighbouring country emerges as a magnet for foreign investment. Deputy Prime Minister...

Please credit and share this article with others using this link:http://www.bangkokpost.com/news/asean/1192641/firms-urged-to-invest-in-myanmar. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Post Publishing PCL. All rights reserved.

 

[Aung Zaya]

India set to hand Sittwe port back to Myanmar

INDIA WILL hand control of Sittwe port back to Myanmar’s Rakhine State government in the second week of March, India’s ambassador to Myanmar Vikram Misri said.
The port, which links the two countries, was built by India for ships with displacement of up to 20,000 tonnes to dock. Ships with displacement between 3,000 and 4,000 tonnes can run between Sittwe and Paletwa, Chin State. The goods can then be carried via Paletwa to northwest India by truck.

“The project connects the hearts of the people of Rakhine State and India.

At one time, trade between India and Rakhine was vibrant with goods shipped between Sittwe and Kolkata.


Rakhine people will once again have that opportunity soon. India intends to develop the project to give job opportunities to Rakhine people and bring development to the state.

It is not for the benefit of India or any Indian company. It will be handed over to the state government in March,” the ambassador said.

Businesses from Rakhine State can use the port and cargos can be sent to India by sea and road.

He said this port project differs from other port projects developed by India.

“It will facilitate free and smooth trade between India and Rakhine,” he said.

http://www.nationmultimedia.com/news/business/aec/30305734
thanks to India..

 

[Aung Zaya]

Five firms to export rice to Sri Lanka
Submitted by Eleven on Sat, 02/11/2017 - 16:00


Five companies have won contracts for the export of 50,000 tonnes of rice to Sri Lanka by June, according to the Myanmar Rice Federation.

Commerce minister Dr Than Myint held talks with a delegation led by the Sri Lanka ambassador to Myanmar, KWND Karunaratne, at his office in Nay Pyi Taw on January 23 and signed a memorandum of understanding on rice exports.

An MRF official said: “We invited companies to submit bids for rice exports to Sri Lanka. Only 10 companies applied. Of them, we have selected five companies.”

Sri Lanka’s rice production has declined by about 200,000 tonnes after a drought last year. Sri Lanka is reducing rising rice prices and the control of rice millers by reducing import tariffs.

Since April, Myanmar has exported 1.15 million tonnes of rice and broken rice, down nearly 150,000 tonnes from the same period last year, according to the Ministry of Commerce.

With more countries offering to buy rice from Myanmar, exports are expected to reach last year’s level, said Khin Maung Lwin, assistant permanent secretary of the ministry.

In 2015-16, the country exported 1.5 million tonnes of rice.


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US company in Thilawa looks to export
Submitted by Eleven on Sun, 02/12/2017 - 15:48
Writer:
Nilar
The US Ball Corporation producing drinking cans for the domestic market at Thilawa Special Economic Zone is planning to export its products, according to the firm's country manager Min Tala Nyan.

“Currently we produce cans for the domestic market. We’re discussing how to expand our business. After that, we will export,” he said.

The Ball-operated factory at the zone is capable of manufacturing about 500 million cans a year.

“At present we’re producing 350ml, 330ml and 250ml cans. 550ml is coming soon,” Min Tala Nyan added.

Ball invested US$45 million in the Thilawa factory and is expected to increase its investment soon.

The factory was officially opened on November 16 last year at Zone A of Thilawa.

It is reportedly the first direct US investment in the country.

From April to October last year, foreign investment in Thilawa in Yangon reached US$900 million, according to the Directorate of Investment and Company Administration.

A total of 14 countries have invested in 74 projects in the SEZ. The major investors are Singapore, Japan, Hong Kong, Thailand, the UAE, Panama, China, Malaysia, South Korea, Australia, Vietnam, Brunei and Taiwan.

Singapore topped the investors’ list with US$395 million in 21 projects. It has been used as a conduit for investment by western firms looking to avoid sanctions. It accounts for more than 44 per cent of the total investment.

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[Aung Zaya]

Four Countries Plan Agribusiness Partnerships With Myanmar
Author: moehtetkyaw | 23 Jan 2017

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rice field myanmar.jpg

China, Singapore, Brunei and Japan are looking to coop-erate with Myanmar in ag-ribusinesses in the country and have proposed a profit and loss sharing system in cooperation with local farmers, official media re-ported last week.

Myanmar would need a new law to govern the im-plementation of the system, according to the Myanmar Rice Federation (MRF).

Under the system, for-eign companies would purchase the rice at the prevailing market rate dur-ing harvest season and give support for pedigree paddy seeds, fertilizer, pesticides, agricultural equipment and modern techniques.

Myanmar's total rice ex-ports in the first half of this fiscal year reached 401,367 tons valued at $145.158 million.

Pakistan has proposed buying Myanmar’s rice un-der a government-to-gov-ernment system. Pakistan is also Myan-mar's next targeted rice ex-porting country as part of its efforts to boost crop exports.

About 80 percent of My-anmar's rice exports go to China, mostly through bor-der trade.Myanmar export-ed 767,753 tons of rice in the last fiscal year.

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[Aung Zaya]

‘Success story’ Thilawa SEZ set to launch its second phase
February 27, 2017 01:00
By KHINE KYAW
MYANMAR ELEVEN
ASIA NEWS NETWORK
YANGON
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MORE THAN three years after the start of the Japan-backed Thilawa special economic zone, Myanmar launched the development of its second zone in the presence of dignitaries from both nations including Vice President Henry Van Thio.
Set Aung, deputy governor of the Central Bank and chairman of the Thilawa SEZ Management Committee, said that the existing 405 hectare (2531 rai) of zone A would be supplemented by the first phase of the new zone, expanding 101 hectares to the south.

He believes that the SEZ’s success has led to the expansion, given the arising interest from foreign investors. To date, the total investment in Thilawa SEZ has reached US$1.05 billion (Bt36.6 billion), as 78 firms from 16 nations have opted to locate their factories, production or logistics facilities there. According to Set Aung, 24 of them have started operations, and 77 per cent of the labour employed are from nearby townships (Thanlyin and Kyauk Tan) and had not completed basic education.

He said that nearly half of the production in the SEZ went to domestic consumption, while the remaining products were exported to other countries.


“Some companies directly export to end markets such as the United States and Japan. Some semi-finish products here and export to the countries where production will be finalised, for example electronic goods,” he said.

“Thilawa’s appeal to investors has already made it the busiest industrial area of its kind in Asean. Zone B will open an exciting new chapter in this great success story of Myanmar,” he added.

Located just 23 kilometres to the southeast of the nation’s commercial hub Yangon, the SEZ offers the best infrastructure, the most efficient government procedures and the highest practices in pollution control. As a result, 95 per cent of zone A has been occupied, according to its developer, Myanmar Japan Thilawa Development Ltd.

Set Aung said that some land of zone B would be available for leasing to investors by late 2017, and the first phase would be fully completed in mid-2018. He did not reveal the projection about paid-up capital to be brought in by investors.

“We will not measure our success in terms of the total investment value. Instead, we will be proud if we can bring positive impacts to the local community as well as the national economy,” he said.

Set Aung is confident that the SEZ will create approximately 40,000 jobs for locals, once the implementation of zone B is completed.

“In zone B we will prioritise labour-intensive, export-oriented investors and foreign businesses that have a lot of room for cooperation with local ones outside of the SEZ,” he said.

He hinted that manufacturing firms that produce value-added products will be given priority to invest in the new zone.

“Some companies may be capital-intensive, but some may not. For example, some labour-intensive companies may not bring much paid-up capital but if they can employ a large number of local people in their facilities, we will let them in,” he said.

As in the first, zone B will offer tax exemptions to all investors in two main categories. An investor needs to export at least 75 per cent of what they produce in value to be registered as a free-zone investor eligible to enjoy a seven-year tax holiday. Manufacturers focusing on the domestic market are in the promotion zone and are eligible for a five-year tax holiday. Both free zone and non-free zone investors will get a 50 per cent exemption on corporate tax for 10 years.

In an effort to ensure a commitment for 24-hour electricity, a 50-mega-watts power plant was recently built by Yangon Electricity Supply Corpora-tion. The power demand will be supplied by fuel gas turbines while diesel can also be used in case of an emergency. Pipelines to supply gas to the power plant were completed last year.

“When zone B is fully occupied, the existing power infrastructure will not be enough to supply the whole SEZ. So we are now planning for additional power options to cater to the need of our investors at such time,” said Set Aung.

The zone chief appreciates the role of the local community in the development. Two villages, namely Shwe Pyauk and Aye Mya Thida, need to be relocated once construction of zone B starts. Yet, most of the villagers are happy with the compensation and resettlement plan set by the regional government.

“These villages proactively offered their lands for the zone B project because they wanted to contributed to their motherland’s development,” he said.

He added that the resettlement structures were in line with the standards of the Japan International Cooperation Agency, and the income restoration programme for those who moved to another place was being conducted by the regional government.

At Friday’s launch event, Masayuki Hyodo, managing executive officer of Sumitomo Corporation, urged to double backers’ efforts, as Myanmar faces severe competition from neighbouring countries in attracting foreign investment.

He warned that growing protectionist sentiment in Myanmar could bring additional challenges for foreign direct investment inflows.

 

[Aung Zaya]

First step to meet local demand of 2000 bus yearly
SC Auto sets up first overseas S$30 million facility in Myanmar

Tan Siow Chua, founder and chairman of SC Auto Industries.PHOTO: BUSINESS TIMES
Published
6 hours ago
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Rupali Karekar


SINGAPORE - Bus manufacturer SC Auto announced on Monday (June 12) it is setting up a S$30 million facility in Yangon, Myanmar with support from International Enterprise (IE) Singapore, as it seeks further growth for its business.

The 16,000 square meter facility, slated to begin production in the fourth quarter of 2018, will enable SC Auto to increase its production by four times, allowing it to meet the growing demands of both Myanmar and the region, the company said in a release issued on Monday.

"Having built a strong foothold in Singapore, we needed to look overseas to continue to grow our business," Mr Tan Siow Chua, chairman of SC Auto, said. "With its demand for public transport, proximity to emerging Southeast Asian countries, as well as availability of land and relatively lower labour costs, Myanmar is the ideal location for our first venture overseas."

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The company which has strong operations in Singapore has already been exporting buses to Myanmar. The new in-market manufacturing facility will allow it to be closer to its customers and respond more quickly to their requirements, the company said. It aims to produce over 100 buses in its first year in Myanmar and double its revenue. With the added international operations, manpower hires will increase to 600.

SC Auto will also invest in robotic welding for this facility, yielding greater efficiency in the production process.


IE Singapore, a key partner in SC Auto's journey to develop its internationalisation strategy and operational plans, helped the company navigate Myanmar and familiarise it with the business landscape, understand market regulatory issues and connect with new customers. SC Auto also tapped into IE Singapore's Internationalisation Finance Scheme to support the set-up.

"As the first approved foreign bus manufacturing company in Myanmar, SC Auto has the first mover advantage to address the huge demand in the country," Mr Law Chung Ming, Group Director for Transport & Logistics, IE Singapore, said. "With rapid urbanisation in Southeast Asia, there is a pressing need for transport and logistics solutions to enhance domestic and intra region connectivity. This presents excellent business opportunities for Singapore land transport companies, such as SC Auto, to export reliable land transport solutions and create quality jobs for Singaporeans."
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Local firm plans Daewoo bus factory in Yangon

• 

By Aye Nyein Win | Friday, 12 August 2016
2
Myanmar Coach Centre, the local distributor for Daewoo buses, plans to build a factory in Yangon that could start producing coaches and city buses by 2018, its managing director said.

The company, which sells minibuses and coaches for tours, imported 15 Daewoo city buses earlier this year for Yangon’s Bus Rapid Transport (BRT) system, the city’s first public-private-partnership bus line.

It now hopes to expand its operations with a US$10 million factory in Yangon’s Mingaladon township, managing director U Kyaw Kyaw Aung said. His company has applied for a permit from the Ministry of Industry and is ready to start building as soon as permission is granted.
http://www.mmtimes.com/index.php/business/21938-local-firm-plans-daewoo-bus-factory-in-yangon.html
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MOU will help S'pore firms looking to Myanmar

As at March 31, Singapore was Myanmar's top foreign investor, with investments amounting to US$4.3 billion (S$5.9 billion).

http://www.straitstimes.com/business/companies-markets/mou-will-help-spore-firms-looking-to-myanmar
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Potential $6bn coal-fired power investment set for Myanmar
The first coal-fired plant planned in Mon state is expected to have a production capacity of 1280 MW, and will cost $3bn. The second plant 1280 MW in Kayin is still under study. TTCL is likely to take another 30 months before putting a formal proposal in front of the Myanmar government.
http://www.powerengineeringint.com/...l-fired-power-investment-set-for-myanmar.html
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India awards road contract to complete Kaladan project in Myanmar
Pratim Ranjan Bose
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A Rs. 1,600-crore contract has been awarded for building 109-km road connecting Paletwa river terminal to Zorinpui in Mizoram border.

Kolkata, June 9:
The Narendra Modi government is finally on course to completing the $484-million Kaladan multi-modal transport projects in Myanmar that will offer connectivity to Mizoram in India. Kaladan was the first major project taken up by India in Myanmar.

According to sources, a ₹1,600-crore contract has been awarded for building 109-km road connecting Paletwa river terminal to Zorinpui in Mizoram border. The construction is expected to start after the monsoon in October.

India completed the construction of Sittwe port, at the estuary of Kaladan river, in trouble-prone Rakhine state of Myanmar, last year, one year behind schedule. Construction of the river terminal 158 km upstream and dredging of the river to ensure navigability are in the final stages.

At the Indian side, extension of the Aizawl-Saiha National Highway by 90 km to the international border at Zorinpui, at the southern tip of Mizoram, is almost over.

Four-laning of highway
It was one of the most challenging road projects taken up in this part of the country, in decades.

Also, a ₹6,000-crore project is under way for four-laning of the 300 km Aizawl-Tuipang highway to ensure faster movement of goods between Sittwe and Mizo capital of Aizawl in the North West which is close to the Barak Valley of Assam.

However, absence of the road link between Paletwa and Zorinpui led to doubts over the utility of such huge investments on either side of the border. Sources told BusinessLine that not a single ship has called at the Sittwe port so far.

Inordinate delay
Mooted in 2003, India entered a framework agreement with Myanmar for Kaladan project in 2008. Construction began in 2010 with a deadline in June 2015. But, no headway was achieved on the road project.

Inadequate fund allocation and planning failure were seen as major reasons for the delay.

In October 2015, the Narendra Modi government revised the budget estimates by nearly six times to ₹2,904 crore and roped in State-owned Ircon Infrastructure and Services Ltd as consultant with an aim to complete the project in 2019.

However, finding a contractor became an issue. Last year, the project was tendered twice but without success. Sources say the logjam was broken recently as the project was awarded to a Delhi-based firm C & C Constructions.

While C&C could not be contacted, sources said the contractor would mobilise men and machine during the monsoon and open offices at Sittwe, Paletwa and Yangon in Myanmar.

SEZ at Sittwe
According to sources, as per the framework agreement, India should also set up an SEZ at Sittwe, which is located closer to the Chinese port and SEZ at Kyaukphyu.

In 2015, the Ministry of External Affairs appointed a consultant to explore the possibility. A suitable land was also identified in Sittwe. This is important to promote Indian investment in the region overriding strong Chinese influence.

========================================================================

@Nilgiri bro.
i think this is the latest news for sittwe and kaladan projecta what u asked me last time.

 

[Nilgiri]

First step to meet local demand of 2000 bus yearly
SC Auto sets up first overseas S$30 million facility in Myanmar

Tan Siow Chua, founder and chairman of SC Auto Industries.PHOTO: BUSINESS TIMES
Published
6 hours ago
Facebook Twitter Email
Rupali Karekar


SINGAPORE - Bus manufacturer SC Auto announced on Monday (June 12) it is setting up a S$30 million facility in Yangon, Myanmar with support from International Enterprise (IE) Singapore, as it seeks further growth for its business.

The 16,000 square meter facility, slated to begin production in the fourth quarter of 2018, will enable SC Auto to increase its production by four times, allowing it to meet the growing demands of both Myanmar and the region, the company said in a release issued on Monday.

"Having built a strong foothold in Singapore, we needed to look overseas to continue to grow our business," Mr Tan Siow Chua, chairman of SC Auto, said. "With its demand for public transport, proximity to emerging Southeast Asian countries, as well as availability of land and relatively lower labour costs, Myanmar is the ideal location for our first venture overseas."

Get The Straits Times
newsletters in your inbox
Sign Up
The company which has strong operations in Singapore has already been exporting buses to Myanmar. The new in-market manufacturing facility will allow it to be closer to its customers and respond more quickly to their requirements, the company said. It aims to produce over 100 buses in its first year in Myanmar and double its revenue. With the added international operations, manpower hires will increase to 600.

SC Auto will also invest in robotic welding for this facility, yielding greater efficiency in the production process.


IE Singapore, a key partner in SC Auto's journey to develop its internationalisation strategy and operational plans, helped the company navigate Myanmar and familiarise it with the business landscape, understand market regulatory issues and connect with new customers. SC Auto also tapped into IE Singapore's Internationalisation Finance Scheme to support the set-up.

"As the first approved foreign bus manufacturing company in Myanmar, SC Auto has the first mover advantage to address the huge demand in the country," Mr Law Chung Ming, Group Director for Transport & Logistics, IE Singapore, said. "With rapid urbanisation in Southeast Asia, there is a pressing need for transport and logistics solutions to enhance domestic and intra region connectivity. This presents excellent business opportunities for Singapore land transport companies, such as SC Auto, to export reliable land transport solutions and create quality jobs for Singaporeans."
=======================================================================
Local firm plans Daewoo bus factory in Yangon

• 

By Aye Nyein Win | Friday, 12 August 2016
2
Myanmar Coach Centre, the local distributor for Daewoo buses, plans to build a factory in Yangon that could start producing coaches and city buses by 2018, its managing director said.

The company, which sells minibuses and coaches for tours, imported 15 Daewoo city buses earlier this year for Yangon’s Bus Rapid Transport (BRT) system, the city’s first public-private-partnership bus line.

It now hopes to expand its operations with a US$10 million factory in Yangon’s Mingaladon township, managing director U Kyaw Kyaw Aung said. His company has applied for a permit from the Ministry of Industry and is ready to start building as soon as permission is granted.
http://www.mmtimes.com/index.php/business/21938-local-firm-plans-daewoo-bus-factory-in-yangon.html
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MOU will help S'pore firms looking to Myanmar

As at March 31, Singapore was Myanmar's top foreign investor, with investments amounting to US$4.3 billion (S$5.9 billion).

http://www.straitstimes.com/business/companies-markets/mou-will-help-spore-firms-looking-to-myanmar
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Potential $6bn coal-fired power investment set for Myanmar
The first coal-fired plant planned in Mon state is expected to have a production capacity of 1280 MW, and will cost $3bn. The second plant 1280 MW in Kayin is still under study. TTCL is likely to take another 30 months before putting a formal proposal in front of the Myanmar government.
http://www.powerengineeringint.com/...l-fired-power-investment-set-for-myanmar.html
========================================================================





India awards road contract to complete Kaladan project in Myanmar
Pratim Ranjan Bose
comments (0) · T+
inShare4

1

A Rs. 1,600-crore contract has been awarded for building 109-km road connecting Paletwa river terminal to Zorinpui in Mizoram border.

Kolkata, June 9:
The Narendra Modi government is finally on course to completing the $484-million Kaladan multi-modal transport projects in Myanmar that will offer connectivity to Mizoram in India. Kaladan was the first major project taken up by India in Myanmar.

According to sources, a ₹1,600-crore contract has been awarded for building 109-km road connecting Paletwa river terminal to Zorinpui in Mizoram border. The construction is expected to start after the monsoon in October.

India completed the construction of Sittwe port, at the estuary of Kaladan river, in trouble-prone Rakhine state of Myanmar, last year, one year behind schedule. Construction of the river terminal 158 km upstream and dredging of the river to ensure navigability are in the final stages.

At the Indian side, extension of the Aizawl-Saiha National Highway by 90 km to the international border at Zorinpui, at the southern tip of Mizoram, is almost over.

Four-laning of highway
It was one of the most challenging road projects taken up in this part of the country, in decades.

Also, a ₹6,000-crore project is under way for four-laning of the 300 km Aizawl-Tuipang highway to ensure faster movement of goods between Sittwe and Mizo capital of Aizawl in the North West which is close to the Barak Valley of Assam.

However, absence of the road link between Paletwa and Zorinpui led to doubts over the utility of such huge investments on either side of the border. Sources told BusinessLine that not a single ship has called at the Sittwe port so far.

Inordinate delay
Mooted in 2003, India entered a framework agreement with Myanmar for Kaladan project in 2008. Construction began in 2010 with a deadline in June 2015. But, no headway was achieved on the road project.

Inadequate fund allocation and planning failure were seen as major reasons for the delay.

In October 2015, the Narendra Modi government revised the budget estimates by nearly six times to ₹2,904 crore and roped in State-owned Ircon Infrastructure and Services Ltd as consultant with an aim to complete the project in 2019.

However, finding a contractor became an issue. Last year, the project was tendered twice but without success. Sources say the logjam was broken recently as the project was awarded to a Delhi-based firm C & C Constructions.

While C&C could not be contacted, sources said the contractor would mobilise men and machine during the monsoon and open offices at Sittwe, Paletwa and Yangon in Myanmar.

SEZ at Sittwe
According to sources, as per the framework agreement, India should also set up an SEZ at Sittwe, which is located closer to the Chinese port and SEZ at Kyaukphyu.

In 2015, the Ministry of External Affairs appointed a consultant to explore the possibility. A suitable land was also identified in Sittwe. This is important to promote Indian investment in the region overriding strong Chinese influence.

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@Nilgiri bro.
i think this is the latest news for sittwe and kaladan projecta what u asked me last time.

It got picked up in Indian media too bro:

http://timesofindia.indiatimes.com/...-up-myanmar-projects/articleshow/59116582.cms

Indian envoy to Myanmar Vikram Misri said India had completed building the Sittwe power and the inland water terminal in Paletwa. Speaking to a local publication, Global Light of Myanmar this week he said, "We have just awarded the contract for the final stage which is the road to be built from Paletwa to a point called Zorinpui which is on the border with Mizoram. I think the creation of this transport corridor, once it is fully functioning, has the potential to transform the economic landscape in the states through which it goes, Rakhine and Chin." Construction is expected to start in October, with a Rs 1,600-crore contract awarded for building 109-km road connecting Paletwa river terminal to Zorinpui in Mizoram.

@WAJsal @waz What do you guys feel about making this thread a pinned thread as "Myanmar economy news" in Far East subforum....for consistency with other countries that have both there?