25 March 2023
Chairman of the State Administration Council Senior General Min Aung Hlaing presented funds from the State economic development fund for MSME businesses in six regions including Yangon Region for the development of region-wise manufacturing.
The Senior General presented funds to the respective ministers at the coordination meeting with SAC members, Union ministers, region/state chief ministers, self-administered division/zone leading committee chairmen on 24 March.
The Senior General presented Ks-10 billion each for Sagaing and Magway regions and Ks-8 billion each from the State economic development fund for Bago, Mandalay, Yangon and Ayeyawady regions.
If all of us can manage the agriculture and livestock breeding sector of the country, two national objectives of prosperity of the country and security of food, water and basic needs can be achieved, the Senior General said.
As development of the country can be achieved only through production, domestic production is being encouraged without fail. Therefore, the government has been encouraging MSMEs since last year, he added.
Establishing industries based on raw materials produced from agriculture and livestock breeding farms amounts to implementing sound businesses. Measures are being taken to fulfill electricity needs, one of the essential requirements, the Senior General said.
