YRIC Greenlights Three Projects, 900+ Jobs Expected

YRIC Greenlights Three Projects, 900+ Jobs Expected

The Yangon Region Investment Committee (YRIC) greenlighted two domestic enterprises by Myanmar citizens and one wholly foreign project in the manufacturing sector with an estimated capital of over K95.537 billion and US$0.72 million, at the meeting held on 28 January 2026, creating 911 jobs for locals.

“YRIC granted one wholly foreign business and two domestic enterprises to operate production and assembly of electronic equipment under the Semi-Knocked Down system for 100 per cent domestic distribution and sales, production of diesel engines, and manufacturing of garments and clothing on a Cut, Make and Pack basis,” said an official of the YRIC.

The committee also allowed some existing enterprises to make capital expansion and an increase in the labour force. The regional investment committee has been endorsing investment projects in pursuit of rules and regulations under the Myanmar Investment Law to spur investments and create more job opportunities.

ASH/KK

#TheGlobalNewLightOfMyanmar