Factories in Thilawa SEZ will be ready to start operations before elections
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THE THILAWA SEZ Management Committee expects factories in the first phase of the special economic zone to start operating before the general election in November.
Committee secretary Than Aung and joint secretary Than Than Nwe said a ceremony to mark the start of operations was likely to be held in October.
They said that at present, some factories are ready to start operating, while others were rushing construction work, which had been slightly delayed due to the monsoon season.
“We’re now waiting for |them to finish the construc-tion. Discussions are being |held for the opening ceremony. It will be organised before |the election,” Than Than Nwe said.
The first phase of the economic zone houses 39 factories. They belong to local investors as well as foreign investors from countries like Japan, Hong Kong, Thailand, the US, France, Sweden, China and Australia. They are involved in textiles, food and beverages, plastics, pharmaceuticals and automobiles.
The first phase covers 211 hectares out of a total area of 296 hectares.
Around 35 hectares has been reserved for the construction of accommodation, a police station, a fire station, an international-standard school, a hospital, and a shopping mall.
