Saturday 23 February 2013

Government aims to diversify industrial zones

The government is planning to open more industrial zones and business centers outside major urban centres as its economic reforms gain speed, officials said.

They said that the industrial-diversification plan would also reduce the threat of environmental degradation that could result from clustering all business zones and industrial parks in one or two areas.


Most industrial zones are located in Yangon and Mandalay regions close to their capitals.  A new framework for social and economic development will see industrial zones and business centers emerge in Sittwe, Kyaukphu,  Mawlamyine, Dawei, Nay Pyi Taw, Taungu, Pyi, Magwe, Myingyan, Mihtila, Taungyi, Lashio and Muse.

The framework was drafted with input from experts after an in-depth analysis of the country’s prospects for economic and social development, officials said. The process began after President Thein Sein announced the beginning of his second phase of economic and social reform last May.

The government is also focusing on development of the transportation sector to ensure faster and smoother transportation of goods and services. More industrial zones are expected to open along the refurbished national railway.
 
source: Eleven Myanmar

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