Held over March 16 and 17, the Chin State Investment and Product Fair witnessed the signing of four Memorandums of Understanding (MoUs) valued at a total of over USD 54 million. Of the four, the largest project, signed with Norway Power Co. Ltd., will be Chin State’s first foreign investment.
The four projects will cover some of the government’s priority sectors – power, agriculture, infrastructure and hotels, and tourism.
Director of Chin State’s Directorate of Investment and Company Administration (DICA) U Min Zaw Oo explained that “these projects are listed among the priority projects [and will] enjoy income tax exemptions for seven years.”
More about the Chin State Investment and Product Fair and the opportunities it showcased at The Irrawaddy.
Photo credit: Directorate of Investment and Company Administration (DICA) Facebook