The Myanmar Investment
Commission has approved a vehicle production permit for Japan-based
Suzuki’s Myanmar unit, according to the Directorate of Investment and
Companies.
Suzuki (Myanmar) Motor Co. Ltd. has
received permission to produce vehicles and spare parts, officials said.
They said Suzuki was expected to invest several billion yen in an
assembly plant, which is tentatively scheduled for completion by 2015.
Suzuki (Myanmar) started here in 1998 by
selling motor bikes and cars. It has a plant in the Industrial Zone
(South Dagon) as well as show rooms.
Its new plant will be located in Thilawa Special Economic Zone.
Officials said vehicle makers were rushing into Myanmar and that they were being joined by heavy-machinery manufacturers.
Commerce Minister U Win Myint said numerous foreign car makers also wanted to export new models to Myanmar.
source: Eleven Myanmar
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