Saturday, 3 August 2013

French companies are reliable investors says Foreign Trade Minister

French companies can guarantee their responsibilities should they invest in Myanmar said France's Foreign Trade Minister in a conference held at the French Embassy in Yangon on July 31.
"About 20 representatives from business organisations are here with me. They have the intention to invest in Myanmar and export products from here. Now French companies are starting to invest in Myanmar. We have to thank the France trade commission UBIFRANCE for the efforts they have made," said Nicole Bricq, France's Foreign Trade Minister.


French companies are engaging in joint ventures with local companies in construction sector. A France company, Lapham is one of companies investing in the Thilawa Special Economic Zone and is waiting for a chance engage in other sectors. Other companies from France are still waiting to invest in infrastructure development and also in the water sanitation sector.

"France oil giant, Total has invested in Myanmar for a long time is also included in the delegation. The company has implemented a development plan in the region for local people. It has followed the rules and regulations for the environment. Our companies can take responsibilities for what we have done,” added Nicole Bricq.

France-based hotel chain, Novotel Hotel Group is planning to open a hotel in Yangon in early 2014. The group has opened a hotel in Mandalay and they aim to construct another in Nay Pyi Taw.
 
source: Eleven Myanmar

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