Businessmen from home and abroad who are
willing to industrial enterprises on the basis of cutting, making, and
packing (CMP) system are facing a barrier to investment in soaring price
of industrial lands, joint-secretary Aung Min of Myanmar Industries
Association said.
The move came after a workshop on CMP development was held on December 2.
Those wishing to invest in industrial
sector are to spend about 80 percent of total investment capital on the
purchase of land. Scarcity leads to soaring price in land and a barrier
to the investment.
So as to overcome the scarcity of
indistrial land, the workshop pointed out that small-and-medium
enterprises should be established in the large compounds far from
dwellings. Those present placed emphasis on requirment for approval from
neighbours, fire harzards, environmental conservation, systematic
removal of rubbish and disposal of sewage water at the workshop.
The government should reclaim industrial
land plots and sell them to only those really wanting to run. Rules and
regulations should be prescribed not to re-sell or hand over industrial
land plots.
There are 24 industrial zones running in
Yangon. The estimated acres of all industrial zone are about 20,000.
Only 3,562 indistries are currently operating. An eighty percentage of
all industrial land have fallen into the hand of property speculator,
sources said.
The industrial zones running in Yangon
are Mingaladon, Shwelinban, Dagon, Dagon (East), Hlinethaya-1,2,3,4,5,6
and 7, North Dagon, North Okkalapa, Shwepyitha-1,2,3,4 and 5, Thadukan,
South Dagon-1,2, and 3, South Okkalapa and Thakayta.
According to the data released by the
Ministry of Industry, there are 3,179 acres and 3,319 industries in
Yangon East District, and 2,436 acres and 625 industries in Yangon North
District.
The current price for one acre in
industrial zone of Yangon ranges from US$588,235 (Ks 1,00 million) to
US$2.9 million ( Ks 5,00 million). However, the price for one acre land
in other townships is above average US$588,235 (Ks 100 million).
“The industrial lands are growing in
price and so are condominium. The committee is formed to control price
in Bangkok, Thailand. The committee decides the value. Also in our
country, the committee including governmental officials will have to be
constituted soon,” Minister Soe Thein of the President’s Office said at
Myanmar embassy’s family gathering to the United States in September.
source: Eleven Myanmar
Thx for ur information
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