Ja­panese man­u­fac­tur­ers eye Myan­mar

The Myanmar Times - - Front Page - AYE NYEIN WIN ayenyein­win@mm­times.com

After ex­pand­ing in the re­gion, con­struc­tion, phar­ma­ceu­ti­cal and en­ergy busi­nesses from Toyama Pre­fec­ture in Ja­pan are keen to in­vest in Myan­mar.

AFTER in­vest­ing heav­ily in Thai­land, In­done­sia and Viet­nam, Ja­panese busi­nesses are now keen to ex­pand in Myan­mar, said Mr Satoshi Ya­mamoto, chief direc­tor of The Ja­pan Ex­ter­nal Trade Or­gan­i­sa­tion (JETRO) told The Myan­mar Times dur­ing a busi­ness devel­op­ment sem­i­nar in Yan­gon on Oc­to­ber 9.

“Ja­panese trade deal­ers were in­ter­ested to in­vest in Thai­land, In­done­sia and Viet­nam. Now, they are in­ter­ested to in­vest here. Myan­mar is be­com­ing pop­u­lar among them,” said Mr Yam­moto.

Busi­nesses from Ja­pan’s Toyama Pre­fec­ture, in par­tic­u­lar, are eye­ing ex­pan­sion op­por­tu­ni­ties in Myan­mar with ris­ing in­ter­est.

Toyama is the lead­ing in­dus­trial pre­fec­ture on the Ja­pan sea coast, and has the in­dus­trial ad­van­tage of cheap elec­tric­ity from abun­dant hy­dro­elec­tric re­sources. Sit­u­ated in cen­tre of Ja­pan, near Tokyo, Nagoya and Osaka, it is among the top man­u­fac­tur­ing zones in the coun­try.

A dozen Toyama firms from sec­tors such as en­ergy, phar­ma­ceu­ti­cals, in­dus­trial equip­ment and con­struc­tion were present at the sem­i­nar to meet with their lo­cal coun­ter­parts, un­der­stand busi­ness con­di­tions and dis­cuss po­ten­tial op­por­tu­ni­ties.

Among them was en­ergy com­pany Kawa­bata Co, which has al­ready opened an of­fice in Myan­mar early this year. The com­pany is now pre­par­ing to carry out a pilot hy­dro­elec­tric pro­ject in Lashio and Taung­gyi in Shan State.

“We are now in dis­cus­sions with the min­is­ters to op­er­ate in other states and re­gions. We started dis­cussing since 2016 and aim to start in 2017,” said U Zaw Win Tun, direc­tor of Kawa­bata Su­mino, the com­pany’s lo­cal of­fice.

“As we have no fac­tory to make the nec­es­sary hy­dro­elec­tric ma­chines and equip­ment we are look­ing to co­op­er­ate with com­pa­nies which can pro­duce the ma­chines for us,” he said, adding that Kawa­bata is also look­ing to op­er­ate in ar­eas with no ac­cess to elec­tric­ity by co­op­er­at­ing with non­govern­men­tal or­gan­i­sa­tions.

Kawa­bata was in­vited to do busi­ness in Myan­mar by State Coun­sel­lor Daw Aung Sang Suu Kyi dur­ing her visit to Ja­pan late last year. The com­pany chose to op­er­ate in the hy­dro­elec­tric space to take ad­van­tage of Myan­mar’s rivers and creeks. At the sem­i­nar, it was ad­vised to build small and tar­geted hy­dro­elec­tric plants to avoid large amounts of cap­i­tal ex­pen­di­ture.

Otaka Con­struc­tion Co is also look­ing for op­por­tu­ni­ties to ex­pand. Cur­rently, it is tar­get­ing con­struc­tion projects with the help of loans pro­vided by the Ja­pan In­ter­na­tional Co­op­er­a­tion Agency’s Of­fi­cial Devel­op­ment As­sis­tance pro­gramme.

“But we also want to co­op­er­ate with other com­pa­nies be­sides JICA. To­day, we signed an MoU with Aye

Yada­nar Con­struc­tion Co for a ho­tel con­struc­tion pro­ject. We will now dis­cuss de­tails of how to im­ple­ment the pro­ject. We want to co­op­er­ate with any com­pany to meet de­mand in Myan­mar,” said Se­ichi Ishikawa, direc­tor of Otaka Con­struc­tion.

Six other com­pa­nies from Toyama - YKK Co, Sato In­dus­try Co, At­sumi Fash­ion Co, Hi­meno Pre­ci­sion Works, Inc, Kanayago Co and Arche Inc – have been op­er­at­ing in Myan­mar since 2011.

Royal Ruby Co, a lo­cal tra­di­tional medicine and es­sen­tial oil maker, was also at the sem­i­nar. Thin Nwe Win, manag­ing direc­tor of the com­pany, told the me­dia she is ea­ger to part­ner with Ja­panese com­pa­nies to learn from its strong cor­po­rate gov­er­nance and tech­no­log­i­cal prow­ess.

Myan­mar’s health­care in­dus­try largely re­lies on im­ported medicine and med­i­cal equip­ment. Thin Nwe Win said she ex­pects to grow her ac­tiv­i­ties through fu­ture co­op­er­a­tion with the Ja­panese phar­ma­ceu­ti­cal sec­tor.

Photo: The Myan­mar Times

Work­ers at a con­struc­tion site in Yan­gon. Con­struc­tion busi­nesses in Ja­pan are keen to in­vest in their coun­ter­parts in Myan­mar.

Newspapers in English

Newspapers from Myanmar

© PressReader. All rights reserved.