12 Apr 2018 Featured in Tomorrow News Journal

i-Land Industrial Park is featured in Tomorrow News Journal, Myanmar on 10 April 2018, Tuesday

Thousands of Job Opportunities Will Have Created Upon Completion of the Industrial Estate in Bago

Tomorrow News Journal | No. 6, Volume -5, 10-4-2018 (Tuesday)

“There will have thousands of job opportunities will have created when our Industrial Estate in Bago is completed” said Mr Lee Weng Fatt, General Manager of i-Land Park Myanmar Limited.

i-Land Park Myanmar Limited is developing the 182 acres industrial estate at Baw Net Gyi Village Tract, Bago Division, was announced on their press conference on 5 April 2018.

The industrial estate is constructed with the permission of Myanmar Investment Commission. The company is a joint venture company between i-Land Industrial Park Holding Pte Ltd from Singapore (80%) and Worldwide Infinity Myanmar Co., Ltd from Myanmar (20%).

The industrial estate is developed to meet international standard, the master plan is designed by Surbana-Jurong, Singapore. The industrial estate is not only with factories but also the executive apartments for employee, shops, super-markets, shopping malls, and medical care centers. Moreover, there will have constructed the waste water treatment within the industrial estate, adopts an environmental friendly, green and clean concept into the design.

i-Land Park Myanmar Limited focus on job opportunities creation. There are 65 staff currently employed by the company, 3 of them are from Singapore, and the rest of 62 staff are the citizen of Myanmar. The company will have created about 350 job opportunities during the construction period.

Mr Lee said they have invested over USD20 million on the infrastructure construction. There are 3 garment factories are currently under construction and at the finishing stage, the company will continue to build another 3 factories soon. Furthermore, it is estimated over 1,500 job opportunities to be created when these factories are in operation. The company is planning to build over 20 factories, which estimating to create thousands of job opportunities in near future.

U Ko Ko Latt from the Directorate of Investment and Company Administration (DICA), Bago said in the press conference, the industrial estate will be effective for local people, they will be giving supports to the foreign investors, less foreign investors are investing in Myanmar due to the Rakhine issue. Therefore, DICA will be giving the supports to the existing foreign investors.

 

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