Wednesday, October 10, 2012

Hlaing Tha Yar Industrial Zone

Myanmar,a country with a thriving population of more than 55million has the potential for investment and future economic growth.

Myanmar is a country rich in natural resources such as precious gems,priceless jades,natural gas,petroleum,copper,nickel,tin,gold,silver,zince and a host of natural raw materials.

 An important East West Economic Corridor,Yangon has the largest metropolitan population with good basic infrastructure very well planned since British Colonial time.

The main ports and harbours are all just within vicinity. The British ruled Burma between 1824 till 1948 annexing it as province of  British India colony.Colonisation started when friction between the Burmese army crossing into British held Chittagong(capital Bangladesh) resulting in the First Anglo-Burmese War.

 The Yangon region has close to 23 industrial zones and the most established one is the Hlaing Tha Yar Industrial Zone.According to the Hlaing Tharyar industrial zone’s management committee, there are 45 garment factories at the zone, less than half the 95 located within the zone in the heyday of 2003 before the West imposed economic sanctions.

Most of the factories have an export credit of 780 Myanmar Kyat and if the US Dollar falls below that mark,factories will be struggling for survival.Hence the dollar exchange rate plays an important part in the profitablity of the companies.

 Mandalay,the ancient capital up north is the second largest city having mostly small and medium size industrial enterprises but specializes more towards the agro-base industry. Mawlamyaine (Moulmein)located midway between the southern coastal cities is within close proximity to the Greater Mekong Subregion will be the entry and exit point of the western end of the East-West Economic Corridor.

 The Friendship Bridge between Myawaddy(Burma) and Mae Sot (Thailand)has long been the trading route to The Greater Mekong subregion. Transport Company Guide: Shwe Sin SetKya Services Company

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