Goal & Strategy
MMID Goal & Strategy
Goal
- To build, market and operate an industrial park in accordance to international standards at prices comparable to other Indo china countries like Vietnam,Cambodia and Laos.
- To build and operate a basic port to support the initial phase of the industrial park development, before leasing the port to an established and reliable port operator, in the subsequent phases, to develop into a full-facilities port for the efficient & secured handling of goods & cargo and proper warehouses for agricultural products and other materials.
- To provide good, effective and reliable transportation for manufacturers and residents at a reasonable cost,covering river transport, road and air link age.
- To provide stable, uninterrupted utilities(electric power, water and waste treatment) and telecommunication at reasonable costs.
- To assist the investors/manufacturers in applying for various incentives under the current laws of the country.
Strategy
To achieve the dream, MMID develop with following strategy:
- Enhance great connectivity:
Logistics is the key of industrialization. MIP is well-connected to the Mandalay City, the Mandalay International Airport and nearby townships by road, and is located near the Kyaukpyu-Ruili oil and gas pipeline. It is also linked to the other Myanmar cities by the Ayeyarwady River and to the neighbouring countries by the Asian Highway network.
The proposed jetty port will become the first modernized and the largest port in Central Myanmar, providing a clear alternative to the current Mandalay main port and other river ports that lack essential modern supporting facilities and have significantly deteriorated over the years.
- Upgrading Infrastructure:
As MMID is fully committed to the dream, the company implement the rolling-financing model to speed up the infrastructure development. The Company has built and will continue to build a strong and effective management team with well-qualified and experienced executives.The conceptualization, master planning and execution of the Project are carried out by highly qualified professionals and third-party experts in a systematic manner. The road, electricity, water, telecommunication, internet, sewage, solid waste, are all the essential support to MIPC’s development dream.
- Incentive policy
MMID strive to incentive policy which to get support from the macro environment, MMID has strong support from the Union Government and the Mandalay Regional Government, as well as good working
relationship with the relevant Authorities. As of current development, all tenants of MIPC and SMP, are titles with following advantages:
1. Land lease duration Long term lease 50 yrs + + ( 70 yr ) for foreign investors and transferable |
2. Corporate income tax exemption Continuous (7) years corporate income tax exemption from official production date |
3. GSP opportunity Myanmar shares free trade agreements with major exporting partner countries, preferential policies of tariffs and quotas, as well as Generalized System of Preferences (GSP) granted by more than 30 countries including Europe and the United States. |
4. Import/ export tax exemption 1. Imported machineries, equipment and construction materials will be granted exemption. 2. Imported raw materials, semi-finished products required by export-oriented investment will be granted exemption of import taxes . |
- Facilitate job opportunity creation
To create job opportunities is the most important target of MMID. As the management support industries which create more jobs and labor needs, in the developing process of MIPC, SMP, APLR projects, lots of job opportunities has been created for the surrounding villages, including current manufacturers’ need, all infrastructure development especially golf course development. Meanwhile the Company has built up good rapport with the local village communities by improving their power distribution lines and roads, and through other corporate social responsibility (“CSR”) work.