Industry

Industry in Myanmar has benefitted from a period of strong economic growth, an increasingly welcoming environment for foreign investment and more open regulatory reforms. The outlook for Myanmar’s industrial sector is bullish in light of ongoing reform, the successful blueprint provided by the Thilawa Special Economic Zone, infrastructure development and the growing consumption power of a nascent middle class. However, as Myanmar heads into an election year, it is hoped that the reform agenda does not stall as politics ramps up. Looking ahead, there is significant potential for further growth as efforts to source materials locally pick up and infrastructure improves, particularly transport routes that will reduce logistics costs and open up less developed parts of the country to further investment. This chapter contains an interview with U Zaw Min Win, President, Union of Myanmar Federation of Chambers of Commerce and Industry.