Japan’s small and medium-sized enterprises is looking for opportunities to expand business in Myanmar
Japanese manufacturers eye expansion opportunities
Date: Oct 12, 2017
Source: The Myanmar Times by AYE NYEIN WIN
After investing heavily in Thailand, Indonesia and Vietnam, Japanese businesses are now keen to expand in Myanmar, said Mr Satoshi Yamamoto, chief director of The Japan External Trade Organisation (JETRO) told The Myanmar Times during a business development seminar in Yangon on October 9.
“Japanese trade dealers were interested to invest in Thailand, Indonesia and Vietnam. Now, they are interested to invest here. Myanmar is becoming popular among them,” said Mr Yammoto.
Businesses from Japan’s Toyama Prefecture, in particular, are eyeing expansion opportunities in Myanmar with rising interest.
Toyama is the leading industrial prefecture on the Japan sea coast, and has the industrial advantage of cheap electricity from abundant hydroelectric resources. Situated in centre of Japan, near Tokyo, Nagoya and Osaka, it is among the top manufacturing zones in the country.
A dozen Toyama firms from sectors such as energy, pharmaceuticals, industrial equipment and construction were present at the seminar to meet with their local counterparts, understand business conditions and discuss potential opportunities.