MSME manufacturing process based on agriculture and livestock farms must be operated to achieve success in local businesses: Senior General

MSME manufacturing process based on agriculture and livestock farms must be operated to achieve success in local businesses: Senior General

MSME businesses are being encouraged to substitute import goods and increase the export volume, said Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing at a meeting with businesspersons of micro, small and medium-scale enter­prises (MSME) from Kachin State at the city hall in Myitkyina yesterday afternoon.

Individual discussions on requirements for the devel­opment of businesses

The Kachin State chief minister reported on the im­plementation of the Myitkyina economic development zone, manufacturing of industrial products, implementation of MSME businesses in Kachin State, aid for MSME business­es in the state, disbursement of loans by the government for the improvement of MSMEs, region-wise production, and undertaking of agriculture and livestock farms with the State economic promotion fund.

Local businesspersons reported on the difficulties of MSMEs in Kachin State, nego­tiation with relevant countries to reduce levying tax over the MSME export products, dis­bursement for loans with soft interest rates and needs for the development of local businesses.

U Zakhun Yein Sawng from Kachin Special Region 1 con­veyed thanks expressed by local people to the government for the development of Chipwe and Panwa regions, improvement of transport facilities for quick development of socio-econom­ic life of the region and other requirements.

Discussions of Union minis­ters in relevant sectors

Union ministers and deputy ministers explained the estab­lishment of border region devel­opment schools to turn out hu­man resources, arrangements for smooth transportation, ful­filment of relevant ministries for the development of MSMEs, allocation of the capital funds to regions and states and self-ad­ministration regions, disburse­ment of loans to MSMEs and needs to pay back the debts to the government. The state chief minister discussed plans underway to fulfil the needs of MSMEs in Kachin State.

Encouragement to MSMEs

In his speech, the Senior General said that more than 90 per cent of MSME businesses are being operated not only in developing countries like My­anmar but also in developed countries. Only when encour­agement is given to domestic manufacturing business will the nation develop. It is necessary to encourage rural businesses called agriculture and livestock farms. If rural people develop their socioeconomic lives, the demand for rural businesses will increase. If so, money cir­culation will improve, and the State economy will develop. As such, MSME businesses are being encouraged to substitute imported goods and increase the export volume.

Requirement of electricity and fuel

The Senior General noted that although the country can generate some 40,000 meg­awatts of hydropower in the nation, these projects were halted for various reasons. It is necessary to efficiently uti­lize the resources to generate hydropower in Kachin State. To electrify people, electricity can be generated through solar power and wind power. On the other hand, the consumption of electricity must be saved.

The Senior General urged all to save fuel use as much as possible. All the people should use bicycles which do not need to use fuel with national spir­it. Rail transportation must be emphasized for minimizing the use of fuel.

Encouragement to domestic businesses based on local products

If products can be manu­factured at home sufficiently, prices of goods will decline. The Senior General urged all of Kachin State to manufacture products beneficial for the ma­jority of the people rather than the individuals. MSME busi­nesses can operate manufac­turing of import substitute per­sonal and consumer products. Kachin State can emphasize the manufacturing of rubber products and tyres as it pos­sesses a lot of rubber farms. Moreover, wood and bamboo can be used in the production of paper. The government will provide necessary assistance for these businesses.

The Senior General point­ed out that it is necessary to increase the per-acre yield of crops rather than expanding sown acreage. MSME manu­facturing processes based on agriculture and livestock farms must be operated to achieve success in local businesses.

Emphasize turning out qualified human resources

The promotion of the ed­ucation sector is to uplift the future of individuals and the country. Education promotion must be done for turning out human resources for the devel­opment undertakings of the na­tion. The government will give a helping hand to Kachin State for the development of MSME businesses.

The Senior General cordial­ly greeted MSME businessper­sons at the meeting. Then, the Senior General viewed round natural resource products, foodstuffs, consumer goods, industrial products, traditional products, clothes and tradition­al medicines displayed at the booths and asked about grasp­ing market shares for these products.

MNA

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