A factory complex is under development on 300 acres of land in Kyaut Tan village in Mawlamyine township of Mon state and slated to be opened in early May 2015, according to the Mon State Chamber of Industry.
“This complex is aimed at the small business owners who cannot afford to build in larger industrial zones. It also aims to contribute to the development of local SMEs. But it will not be as extensively developed as the industrial zones,” U Hla Shein, chair of the chamber, told Myanmar Business Today.
The complex will house corrugated zinc roof sheet factories, drinking water plants, gold processing plants, rubber product factories and food factories, along with other small and medium industries.
The owners of the land in the complex, who are currently farmers, are allowed to sell their land freely while investing businesses will assist in securing land deeds under their names, the Mon State Chamber of Industry said.
The businesses that want to access the land in the complex will have to pay additional K17 million per acre to the state complex development committee which is to cover the cost of land filling, road paving, installing water supply and electricity supply for their respective operation sites, U Hla Shein said.
“This location is convenient for the businesses as it is only 90 miles away from the Thilawa Special Economic Zone via waterway,” U Hla Shein told Myanmar Business Today.
Meanwhile the existing Mawlamyine industrial zone has seen reduced operations because the weight limit of the Attaran bridge that lies on the way to the zone across Thanlwin river is posing a major hurdle for the flow of goods, discouraging industrialists from setting up operations in the zone.