With a population of 60 million and a newly emerging consumer market, including the availability of a cheap workforce and new outlets, foreign companies see many profitable new opportunities in Myanmar. The country's metamorphosis has been quick and is ongoing. Western brands are starting to appear in the market and commercial buildings are springing up. Plans to create Special Economic Zones (SEZs) are becoming a reality. The Thilawa project area of 2000 hectares in the Yangon region will soon be a reality.
The official announcement by UBM Asia (Thailand) regarding the introduction of INTERMACH Myanmar 2013 in Myanmar, has generated overwhelming interest across ASEAN and many companies have already booked exhibition space. The enormous success of INTERMACH Thailand has proved how effective the show can be. A full display of machinery, equipment, tools and industrial parts will be featured at the event which will be Myanmar's 1st International Industrial Machinery and Subcontracting Exhibition.
INTERMACH Myanmar is creating enormous interest among part-makers and machinery manufacturers and foreign investment and business opportunities in the country are already taking off. The show will give SMEs the competitive edge they seek. Currently 120 companies are projected to attend and the show will feature over 300 pieces of machinery. Over 5,000 visitors are expected and some of the major companies will use the event to launch machinery, equipment and parts for the first time in Myanmar. Many will also be seeking distributors for their products in the newly free country. Millions of US Dollars worth of business transactions are projected to be initiated during the inaugural event.
Source: www.eurasiareview.com
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