Marubeni Corporation, one of the largest general trading company from Japan, is eying to make investment in generating electricity, upgrading railroad tracks, selling machinery and investing in Thilawa Special Economic Zone, according to the announcement of the corporation.
Mr. Akihito Asayama, General Manager of the corporation, had a discussion about the investment with officials from Directorate of Investment and Companies Administration in Nay Pyi Taw on July 23.
The corporation stated Myanmar is located next to India, South East Asia, China and India Ocean and the country is one of the most talked about among international community in terms of investment potentials.
The corporation first entered Myanmar since 1942 and made investment in basic infrastructure and business development.
First project in Myanmar for the corporation was Belu Creek No.2 Hydropower Project and finished construction in 1960. The corporation continues to make investment in basic infrastructures, electricity and industrialised sector such as Takayta natural gas turbine and Moneywar copper refinery plant with loan and aid from Japanese government.
At present, the banks based in Japan and other corporations will implement the projects with aids from the Japanese government.
source: eleven media
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