Ayeyawady Region Investment Committee (ARIC) greenlit two foreign enterprises and six domestic projects made by Myanmar citizens with an estimated capital of US$5.6 million and K20.8 billion in April-August of the current financial year, creating 1,382 jobs for locals, according to ARIC Director U Thet Paing.
The region is suitable for agro-based industries, attracting domestic and foreign investors. Moreover, some investors eye cutting, making and packing (CMP) garment businesses and service sectors in the region.
The committee is exerting continuous efforts to spur investments, support existing businesses, entice new investors, increase job opportunities in the region, enhance the socio-economy of the local community, and endorse businesses that are in line with rules and regulations. — ASH/KK
