MITSUI & Co., Ltd. from Japan and Vina Capital from Vietnam have signed a memorandum of understanding (MoU) with Myanmar Agribusiness Public Corporation Limited (MAPCO) for cooperation in agricultural development, said the Biweekly Eleven News.
MAPCO will set up the Integrated Food and Energy Production factories in Yangon, Ayeyawady and Bago regions as well as Nay Pyi Taw.
An Integrated Food and Energy Production Complex factory will be located in Yangon region, which would be jointly constructed by MITSUI & Co., Ltd and MAPCO, the report said.
The Japanese company is planning arrangements to establish advanced rice grinding and purifying mills.
Though South Korean Dawoo Company has not reached agreement with Myanmar yet, it is expected to do so during this year.
As of July 2012, foreign investment in the country's agricultural sector totaled 182.75 million U.S. dollars in nine projects, accounting for only 0.44 percent of the total since the country opened to such investment in late 1988.
Myanmar exported over 1.2 million tons of rice, gaining nearly $500 million in the first 10 months (April-January) of the fiscal year 2012-13, according to earlier report.-The Philippine Star (February 24, 2013 3:00PM)
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A nation restored democracy in Burma(Myanmar)after several years of military dictatorship (1962-2012)opposition leader and daughter of slain revolutionary Dr.U Aung San father of Burmese nation liberator dissident centrist and lawyer/pacifist that led to freedom and democracy and baca me a full fledgling nation his predecessor Dr.U Nu first president of Burma (1948-58 & 1960-62) deposed by the military and became a socialist military republic after democracy suspended by the army backed government of Col.U Ne Win de facto ruler of Burma (1962-88).thanks for the information about your comments in your opinion.from:Wayne
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