Japan SMEs to help Myanmar firms

A business forum hears that Myanmar’s SMEs will receive Japanese backing. (Photo – EMG)

The Japan International Cooperation Agency (JICA) and Japanese small- and medium-sized enterprises (SMEs) will offer technological, financial and human resource support to their counterparts in Myanmar, an SME business seminar heard.

“This seminar aims to help Myanmar’s SMEs develop. Support has been secured in important sectors like finance, human resources, technology and training,” said Zaw Min Win, vice chairperson of the UMFCCI (Union of Myanmar Federation of Chambers of Commerce and Industry).

The JICA has offered support to SMEs depending on the findings of research into Myanmar’s industrial zones.

“We have researched industrial zones since 2011 for the development of SMEs. Depending on the findings, we will provide help in the required fields,” said Ando Hisao from the JICA.

The JICA told the seminar it would disburse loans of more than US$40 million to Myanmar’s SMEs annually.