The Myanmar government will be prioritising the development of existing industrial zones before building new ones.
“If it becomes necessary for us to
establish new industrial zones when foreign investments arrive, we'll
establish new zones in areas like Mingalardon and Htaukkyant," said Aye
Aye Myint, the deputy director of the Directorate of Investment and
Company Administration.
There are 24 industrial zones in Yangon
Region covering about 20,000 acres. Only a total of 3,562 industries are
currently operating in these zones, while about 80 per cent of the
industrial land has fallen into the hands of property speculators,
sources said.
An industrialist from Dagon Seikkan
Industrial Zone said only 82 factories have been occupying the zone over
the past decade although it actually covers 450 acres of land. He said
over 370 acres of land have fallen in the hands of real estate
businessmen who manipulate land prices.
The Yangon Southern District Industrial
Zone has only 76 factories, making it the least developed industrial
zone in the country and many of its lands are in the hands of real
estate manipulators.
Although the Directorate of Investment
and Company Administration has announced several times that it will take
actions against industrial firms who do not build factories on their
land plots, authorities have not actually taken any actions against
them.
"Regarding the issue about lands being
bought to manipulate land prices, if one looks at it from the positive
side, these people have money so they can cooperate with those who
really want to establish businesses," said Win Aung, chairman of Traders
and Industrialists Association.
He also said that such kind of land
manipulation issues will stop once more businessmen, direct foreign
investments, and industrial zones will be established.
Myanmar plans to set up seven new
industrial zones in Tatkon in Nay Pyi Taw, Yadanarbon in Mandalay,
Hpa-an, Myawaddy and Phayathonzu in Kayin State, Ponnagyun in Rakhine
state and Namoum in Shan State. Among the seven new industrial zones,
four of them are located near the border areas in Thailand and China.
source: Eleven Myanmar
No comments:
Post a Comment