Japanese car builders bid on Thilawa
published : 6 Mar 2014 at 18:48
Japanese auto giants Suzuki and Toyota are among the bidders for parts and manufacturing facilities at the Thilawa special economic zone, Myanmar's investment commission said.
The Thilawa special economic zone is under construction. The Myanmar Investment Commission says it has already attracted two Japanese carmakers - Suzuki and Toyota. (File photo by Thiti Wannamontha)
Aung Naing Oo, director general of the Myanmar Investment Commission, said Suzuki and Toyota, as well as France-based auto parts manufacturer Lafarge, have all made proposals to build in Thilawa near Yangon.
The Thilawa project is in the first phase of construction and expected to become operational for manufacturing by 2015.
''We are aiming to dedicate the free zone 100% to manufacturing, to draw industries focused on export process. The promotion zone will facilitate both manufacturing and service industries,'' DVB quoted him as saying.
The commission expects Thilawa to create nearly 200,000 jobs and double foreign investment in the 2014-15 fiscal year, DVB added.