Myanmar Investment Commission (MIC) on February 27 permitted
joint investment for manufacturing household medicines, drugs,
pharmaceutical equipments and traditional medicines on February 27.
Two local and four foreign investments were approved by the MIC, in
accordance with the Myanmar Citizen Investment Law and the Foreign
Investment Law, during the ceremony of 9/2013 meeting of MIC held in Nay
Pyi Taw on February 27.
Many businesses which are beneficial to the public like medicines,
fishing, cosmetics and garments have been permitted during this time
meeting although MIC had allowed cigarettes, beer and alcoholic
beverages manufacturing at the previous meetings.
Two citizen investments were KK Fishing Net Factory and Sagaing June
Pharmaceutical & Foodstuff Industry Ltd, producing algae-related
drugs and food, household medicines, alternative medicines, cosmetic,
fertilizers and fishing nets while four foreign investments mainly
involved the garment factories by the CMP system (cutting, making and
packing).
Production of pharmaceutics will be mainly manufactured in No.3
Pharmaceutical factory in Sagaing Region, Directorate of Investment and
Company Administration (DICA) said.
source: Eleven Myanmar
http://elevenmyanmar.com/business/2718-investment-commission-allows-pharmaceuticals-industries
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