Lessening development and income gaps among the regions and states is urgent, according to the Myanmar Investment Promotion Plan.
According to an economic survey conducted by Ministry of Planning and Finance, 43 per cent of all businesses in the industry sector are located in Yangon, Mandalay and Sagaing Regions.
The rest of the regions and states are in urgent need of investments in order to bridge these gaps and create equitable development.
National Comprehensive Development Plan 2011-2030-NCDP includes the framework for the regional development which covers four priority economic platforms for development.
Four priority economic platforms are: (1) Yangon-Myawady Platform (Thilawa Special Economic Zone-Yangon-Bago-Hpa-an-Myawady), (2) North-South Platform (Thilawa Special Economic Zone-Yangon, Bago-Taungoo-Nay Pyi Taw-Meiktila-Mandalay-Myitkyina), (3) North-East-South-West Platform (Kyaukphyu-Magway-Meiktila-Mandalay-Pyin-Oo-Lwin-Kyaukme-Lashio-Muse), and (4) East-West Platform linking between Myanmar, India, China and Thailand (Tamu-Kalay-Pakokku-Monywa-Meiktila-Taunggyi-Kengtung-Tachilek-Mongla).
Yangon and Mandalay continue to exist as the largest development centers. Most investments, both foreign and local, are located in Yangon, the commercial hub of Myanmar.
Most foreign investors, especially those part of industrial and product sale industries, choose Yangon and nearby areas to invest thanks to easy access to transportation, telecom, infrastructure and close proximity to their customers.
