Sin Kyaing Company Limited will invest Ks965.09 million cultivating and distributing tissue bananas at Seinman Bran Field of OSS Plot in Tarlawgyi Village-tract, Myitkyina Township, Kachin State, Kachin State  Investment Committee confirmed  on July 7. 

The committee approved the company’s investment during its meeting (4/2020), through which 117 jobs were created. 

According to Myanmar Investment Commission, Myitkyina Economic Zone and Kanpaikti Border Development Zone will be built as part of China’s Belt and Road Initiative (BRI).

Union Minister for Commerce Dr Than Myint said Myitkyina Economic Zone will focus on agriculture and livestock breeding including manufacturing of value added goods and freight transport. 

He said Myanmar has trade mainly with China as they share borders, adding that the development of Kanpaikti region will create local jobs and improve the regional economy. 

Blessed with natural resources and vast stretches of vacant land, Kachin State should invite capital and technology from the country (China), the minister added.