Power shortage and constant blackout have hampered Japanese investors' productivity, according to JETRO Executive Managing Director Mr. Masaki Takaha.
He added that the lack of productivity
has had detrimental affect on employment and job creation. The point was
raised at the Myanmar Global Investment Forum held in capital of
Myanmar on September 10-11.
“Although Japanese businessmen are
looking for business opportunities in Myanmar, electricity shortage
stops the investment in production sector. Using generator increase the
cost very much,” he said.
Although labour costs are cheap and
workers are honest in Myanmar, the main difficulty hindered to construct
factories here is electricity shortage, he revealed. In the forum,
analysts discussed about the obstructions to make investment in
production sector.
“I heard a rumour recently that the
government won’t provide electricity to industrial zones on April next
year. If the rumour is right, we have a question why the government
decided like that. The voltage is also lower than normal when the
electricity is on. Some parts of machineries and circuits have been
destroyed because of low voltage,” Deputy Managing Director of Fasomo
Clothing from Japan which has opened a textile factory in Myanmar for a
long time said.
Myanmar production sector is also faced
other problems such as availability of skilful workers, disciplines in
working environment, employees making demonstration against employers
and other problems in addition to electricity shortage.
Businessmen who attended the forum said
they can pay the electricity charges between US$20 cents and 30 cents
(approximately between 200 Ks and 300 Ks) per unit.
source: Eleven Myanmar
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