The state government of Rakhine region has urged local and foreign investors to invest in establishment of an industrial zone in Phonenyar Kyun in the Rakhine state.
The committee for choosing the site for establishment of industrial zone has already been formed in Phonenyar Kyun. The 656-acre site is near Waypaukchaung village in Western Phonenyar Kyun, 16 miles away from Sittway. It is one mile away from Sittway-Yangon highway and three miles away from Kalatan River.
This site offers both land and water ways to send products from the industrial zone. “It takes at least four or five years to set up the industrial zone. We invite local and foreign investors to invest in this zone. Local products will be exported more after setting up the zone,” an official from the State Government of Rakhine Region said.
The factories are medium iron smelting, marine products, foodstuff, hardware, seafood cold storage, frozen fruit store room, rice mill, furniture, paper, fish canning factory and fish paste and fish sauce factory.
The factories will use local raw materials to manufacture the products.
“The electricity for the factories is distributed from the hydro electric power line in Eastern Yoma. The industrial zone will be implemented swiftly,” he added.
Rakhine Hluttaw has urged the Rakhine State Government to implement this zone as soon as possible. “This zone will create job opportunity for 10,000 local people in Phonenyar Kyun, Pauktaw and Sittway, which is beneficial for the local people,” U Maung Maung, a local from Sittway.