Inspection tour: Value added agribusiness investments inspected

Union Minister for Investment and Foreign Economic Relations, U Aung Naing Oo visited the Myanmar Golden Produce Co., Ltd which is J.V business and producing value added products for local fruits and vegetables in Dekkhina Thiri Township, Nay Pyi Taw, in the morning of 20thAugust 2021.

While in Myanmar Golden Produce Co., Ltd, Company Managing Director Daw Hnaung Hnaung Win presented the situation of the production of value added products for export and domestic distribution and also reported the some implementaion issues faced by the company.

The Union Minister facilitated and provided the requirements of company and encouraged to increase the production to promote the export through product and market wise diversification.

After that, the Union Minister arrived to the MAYLP Agriculture Co., Ltd in Dekkhina Thiri Township, producer of hybrid paddy by contract farming, quality seeds for domestic distribution and upgrading the domestic paddy varieties for local sale, and also investing in milling and rice export business by cultivating the rice varieties which meet the foreign market demand.

At the farm, Company Managing Director, U Soe Lin Tun presented the current situation of contract farmingbusiness in collaboration with farmers in townships around Nay Pyi Taw and domestic distribution and export of company.

After hearing the report, the Union Minister provided and coordinated the necessary assistance to increase the contract farming areas and production of local paddy varieties which are in high demand in export market. Afterward, the Union Minister proceeded to the Myanmar Agri Foods Co.,Ltd, producerand distributor of frozen vegetables, in Kyi In Village Track, Pyinmana Township, Dekkhina District. Company Managing Director U Ye Myint Maung briefed the current businessoperation, and the Union Minister highlighted to increase the production and income of farmers by collaborating for mutual interest.

The Union Minister also provided and facilitated the requirements of the company.