Mitsui & Co. Opened Nay Pyi Taw Office
OREANDA-NEWS. June 08, 2012. Mitsui & Co., Ltd. ("Mitsui", Head Office: Chiyoda-ku, Tokyo, President and CEO: Masami Iijima) opened a new office in Nay Pyi Taw, the capital city of the Republic of the Union of Myanmar.
Richly endowed with natural resources, Myanmar also enjoys geopolitical advantages resulting from its proximity to China and India, and also to Thailand and other ASEAN members. With a population in excess of 60 million, Myanmar is not only able to supply the labor resources needed for industrial development, but is also attracting keen interest because of its strong potential for growth as a market.
The history of Mitsui's activities in Myanmar dates back over a century to the opening of an office in Yangon, and we have made a pioneering contribution to Myanmar's development. For example, in the 1990s, our business investment in Myanmar exceeded that of any other Japanese company.
There will be business opportunities in many areas as Myanmar moves toward democratization and economic reform. Mitsui is determined to contribute to economic development in Myanmar in a wide range of fields, including metal resources, energy, infrastructure, performance chemicals and consumer-related industries.
Myanmar is identified as a corporate-level priority region in our Medium-Term Management Plan for the period ending March 2014 because of its huge potential resources, including abundant natural resources and an excellent labor force. We will contribute to the development of employment opportunities and sustainable economic growth in Myanmar in various ways, including the attraction of business investment and foreign companies, and technology transfers.