- Thriving Myanmar-Thai border trade faces warehouse shortage
- Thilawa Economic Zone’s 70,000 acres to be farmed
- Myanmar’s Oversea Employment Agencies Federation opens office in Thailand
- Commerce ministry to use its lands for necessity
- Nepalese Airlines to launch nonstop flight service to Yangon
- Buses remain least among 90,000 vehicles registered
- Korean firm to conduct feasibility study on water supplying projects in Yangon
- Credit Information Bureau to be formed
- ASEAN Economic Community Workshop held in Myanmar
- Vietnam-Myanmar economic seminar in Yangon
Published on Tuesday, 05 February 2013 19:56
The Myanmar Investment Commission has approved a vehicle production permit for Japan-based Suzuki’s Myanmar unit, according to the Directorate of Investment and Companies.
Suzuki (Myanmar) Motor Co. Ltd. has received permission to produce vehicles and spare parts, officials said. They said Suzuki was expected to invest several billion yen in an assembly plant, which is tentatively scheduled for completion by 2015.
Suzuki (Myanmar) started here in 1998 by selling motor bikes and cars. It has a plant in the Industrial Zone (South Dagon) as well as show rooms.
Its new plant will be located in Thilawa Special Economic Zone.
Officials said vehicle makers were rushing into Myanmar and that they were being joined by heavy-machinery manufacturers.
Commerce Minister U Win Myint said numerous foreign car makers also wanted to export new models to Myanmar.