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Myanmar to reclaim more lands for industrial zone in Yangon
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14:32, October 29, 2007

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Myanmar is reclaiming more land to establish more industrial zones in the biggest city of Yangon to systematically accommodate factories and workshops to be moved out from the city's residential areas under a relocation plan of the municipal authorities, a local weekly reported Monday.

There has been many such private industrial enterprises traditionally in operation in the city's populated residential quarters since several decades ago.

Some of these factories and workshops have caused environmental problems to local residents physically and psychologically, the Flower News quoted the Yangon City Development Committee as saying.

According to earlier local reports, the authorities in Myanmar's second largest city of Mandalay have totally banned running of private car repair workshops in that city since September for the same environmental problems and most of such businesses have been or being ordered to shift to some remote industrial zones there since years ago.

There are 19 local industrial zones scattered across Myanmar's nine states and divisions with over 9,000 factories in operation which include small, medium and heavy industries, statistics show.

Of the industrial zones, some five are in Yangon -- Hlaingtharyi, Dagon (South), Shwepyitha, Mingaladon and Thanlyin.

Meanwhile, Myanmar is planning to establish six special economic zones (SEZs) to attract direct foreign investment into the country in a bid to promote its economic development. The six SEZs include the Thilawa in Yangon, while others are planned as Mawlamyine in Mon state, Myawaddy and Hpa-an in Kayin state, Kyaukphyu in Rakhine state and Pyin Oo Lwin in Mandalay division, industry sources said.

Prospective sectors for foreign investment are outlined as production, high-tech, agriculture, livestock breeding, forestry, transport and communications, and banking services.

Official figures show that the number of factories in Myanmar increased from 28,847 in 1988-89 to 80,594 in 2005-06, an increase of 51,747 during the 18-year period.

Source:Xinhua



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