Mingaladon Industrial Park

The decline in foreign investment in Myanmar is a major setback for the country’s economy. Foreign investment is essential for economic development, and the current decline will make it more difficult for Myanmar to recover from the junta’s coup.

The junta’s poor economic policies and human rights record are making Myanmar a risky place to do business. However, some companies are still willing to invest in the country, attracted by its cheap labor costs.

Honeys Holdings’ decision to expand in Mingaladon in Myanmar is a risky one. The company is likely to face challenges, such as the political instability and the junta’s poor economic policies. However, Honeys Holdings may be able to overcome these challenges if it can offer competitive wages and working conditions.

Overall, the future of foreign investment in Myanmar is uncertain. The junta’s poor economic policies and human rights record are making the country a risky place to do business. However, some companies are still willing to invest in Myanmar, attracted by its cheap labor costs. It remains to be seen whether these companies will be successful.

Problems for Mingaladon Industrial Park

The Mingaladon Industrial Estate is in a state of flux. The decline in foreign investment and the accusations of poor labor practices are making it a less attractive destination for businesses. However, some companies are still willing to invest in the estate, attracted by its cheap labor costs. The future of the estate is uncertain, but it will likely be shaped by the political and economic situation in Myanmar.

For good updates on the civil war in Myanmar please read The Irrawaddy newspaper.

At present, implementation of the development of MIP is being carried out by Department of Urban & Housing Development (DUHD) and the Kepventure Pte Ltd., Singapore. Project Management is being undertaken by The Tokyo Enterprise Co., Ltd.

The concept of Mingaladon Industrial Park (MIP) is to provide the tenant industries with a superior manufacturing environment. Featuring first-class infrastructure, security and business support services.

Since its official operation in February 1998, MIP has grown as a manufacturing base for products destined for Asia and Europe. Supported by the Government of Myanmar (DUHD) and Kepventure Pte Ltd., MIP remains as a business partner in Myanmar. It flexibly meets various kinds of requests from its tenants.

MIP was the ideal place for foreign enterprises wishing to relocate their production bases to Myanmar. This is considered the last emerging market in Asia. Sadly the military coup in 2021 has dramatically reduced investment.

Additional Details for Mingaladon Industrial Park

• Land tenure: Leasehold until February 2048.
• Key industrial sectors: Textile / Garment, Foodstuff, Electric & Electronic Products / Parts, Machinery & Parts, Plastics & Leather, Pharmaceutical & Others.
• Tenants: Ajinomoto (Japan), Asia Optical (Hong Kong), IIDA Electronics (Japan).
• Electricity supply: 33KV / 20MW for Phase I.
• Water supply: Total 5,000 m3 per day from Yangon City Development Committee.
• Fire safety: Fire Pumps & Hydrants – At 200m intervals protect and prevent from fire hazards.
• Internal road system: Main Road – 8 m wide, Secondary Roads – 7 m wide
• Seaport: 24 km from the Port of Yangon, 50 km from Thilawa Container Terminal
• Airport: 7 km from Yangon International Airport.
• Tax incentives: Exemption from income tax for three years Accelerated depreciation Up to 50% tax relief on profits from exports.