Japanese firms are increasingly involved in the infrastructure development business in Myanmar, which has become a hot spot for the infrastructure export drive being promoted by the Myanmar government and private sector reported the Japan News on 8 July.
The development stems from Myanmar’s growing need to upgrade infrastructure like its electricity network to meet rapid economic growth since its transition to a democratic government in 2011.
Hitachi, Ltd. announced on Tuesday that one of its subsidiaries, Hitachi Industrial Equipment Systems Co., will set up a joint firm with a Myanmar company to produce electric transformers.
Major trading houses have been following suit. Mitsui & Co. announced plans last year to assist with gas-fired power generation in Yangon, Myanmar’s largest city, while Marubeni Corp. also said last year that it will support thermal electric power generation in the country’s south. In a similar vein, Mitsubishi Corp. has been running an international airport in Mandalay, the second-largest city, since April.
Japanese companies are aiming to secure more contracts by promoting their advantages in terms of technology, quality, and maintenance the report said.
Japan focuses on infrastructure development
09 July 2015
Japan focuses on infrastructure development