Dec 18, 2012

Chinese companies eye Myanmar’s market

Chinese companies from various sectors are in talks with Myanmar’s Directorate of Investment and Company Administration (DICA) this month at Nay Pyi Taw for possible investments in bioenergy production, garment and telecommunications.

Sunshine Kaidi New Energy Group, a Chinese energy company, proposed on December 7 to produce bioenery as well as to grow plantations for bioenergy supply source in Myanmar.

Dongguan Association of Textile and Garment Industry, an industrial association from South China’s Guangdong province, is interested in setting up garment factories in the country. The company discussed with officials from DICA on December 11 about foreign investment law including land ownership and revenue and tax exemptions.

China Mobile also met with DICA officials on December 5 to discuss investment in the country’s mobile telecommunications.

Source: Eleven Media Group