Investment in infrastructure sector paves the way for manufacturing

Japanese companies will have to invest in Myanmar’s weak infrastructure sector at first, Mr Yoshio Nakamura, the vice chairman for Keidanren told Eleven Media Group lately.

 “We are worried much about the infrastructure. We need more stable status of power supply in the country. Myanmar has a lot of human resources. So we need to invest in the sector firstly. Investments in manufacturing will be ready to enter only after the investments come first in the sectors such as power supply, roads, railways and water supply,” he said.


As big amount of money is needed for investments in the infrastructure, the Japanese companies are in need of ODA (Overseas Development Assistance) in large amount from Japanese government,” he added.

“As the amount needed for investments in the infrastructure is huge, they need ODA from Japan government primarily,”

As Myanmar is very poor in infrastructure, foreign investors eager to enter the country are concerned about it, according to sources from foreign investors’ community.

 “It’s still a problem that Myanmar is poor in communications and information technology as well as in infrastructure,” said a director from a consultant company for foreign investors.

Mr.Yonekura, Keidanren’s chairman also said on February 7 that Japan has been currently providing assistance for Myanmar to build infrastructure with study projects for upgrading Yangon Port's Inland Water Transport, Yangon City's Environmental Development, building infrastructure for Thilawa Special Economic Zone and Smart Community.

source: Eleven Myanmar
http://elevenmyanmar.com/business/2429-investment-in-infrastructure-sector-paves-the-way-for-manufacturing