Industrial zones and extended zones have great chance to boost export products
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May 30, 2024
Authorities of regions and states have to implement industrial zones in accordance with industrial law and rules to have success similar to the Thilawa Special Economic Zone.
Industrial zone establishment and supervisory committees have to supervise the measures to determine whether industrial zones actually operate and allow the work process of the same businesses, said Vice-Senior General Soe Win.
The Industry and Industrial Zone Development Central Committee held the meeting 1/2024 at the hall of the Ministry of Industry in Nay Pyi Taw yesterday afternoon, with an address by Chairman of the Central Committee Vice-Chairman of the State Administration Council Deputy Prime Minister Vice-Senior General Soe Win.
In his speech, the Vice-Senior General underlined that Myanmar has to develop 28 main industrial zones, 53 branches, and five industrial wards, with two more industrial zones under establishment to amend the points that are not in compliance with the law and rules.
He noted that upon completion of the formation of the local industrial zones and the formation of supervisory committees, industrial management committees will be set up.
It is necessary to systematically establish industrial zones under the economic development framework of the state with the investment of local and foreign businesspeople, he added.
He underscored that only when the funds can be set up in accordance with the industrial zone law and rules will all the tasks be successful.
He explained that the central committee needs to adopt policies and solve difficulties, whereas the local industrial zone establishment and supervisory committee, and regional governments have to supervise the successful implementation of the already set up industrial zones and those to be established, and the industrial zone management committees play a vital role in these measures.
As such, the Vice-Senior General continued that deserving persons must be formed in the supervisory committee and management committees to achieve success in the work process.
He stressed that region and state chief ministers need to choose the proper people to be assigned. He also pointed out that some residential wards are located near industrial zones, while similarly, there are industrial wards situated near residential areas. The chief ministers have to seek solutions to this problem under the industrial zone law and rules. The small-scale industrial zone submitted by Magway Region is primarily allocated to groups of less than 500 acres of land to manufacture value-added products made of oil crops, beans, and cotton.
The Magway Region government needs to submit a new proposal for an industrial zone to use cotton and thread industries and oil crops.
Authorities of regions and states have to implement their industrial zones in accordance with industrial law and rules to have success, similar to the Thilawa Special Economic Zone.
Only when all need to have skills in legal affairs and follow them will they have achievements in the work process.
Secretary of the Central Committee Deputy Minister for Industry U Yin Maung Nyunt and Magway Region Chief Minister U Tint Lwin read the letters to the central committee.
The Vice-Chairman of the Central Committee Union Minister for Industry reported on the history of industrial zones, drafting industrial zone law and rules, and formation of committees and tactics for the development of industrial zones.
Committee members, Union ministers, and deputy ministers discussed the successful implementation of the industrial zone under the law and rules.
The Vice-Senior General fulfilled the needs of the discussions. — MNA/TTA
