Japanese firms are increasingly involved in the infrastructure development business in Myanmar, which has become a hot spot for the infrastructure export drive being promoted by the Myanmar government and private sector reported the Japan News on 8 July.
The development stems from Myanmar’s growing need to upgrade infrastructure like its electricity network to meet rapid economic growth since its transition to a democratic government in 2011.
Hitachi, Ltd. announced on Tuesday that one of its subsidiaries, Hitachi Industrial Equipment Systems Co., will set up a joint firm with a Myanmar company to produce electric transformers.
Major trading houses have been following suit. Mitsui & Co. announced plans last year to assist with gas-fired power generation in Yangon, Myanmar’s largest city, while Marubeni Corp. also said last year that it will support thermal electric power generation in the country’s south. In a similar vein, Mitsubishi Corp. has been running an international airport in Mandalay, the second-largest city, since April.
Japanese companies are aiming to secure more contracts by promoting their advantages in terms of technology, quality, and maintenance the report said.