Myanmar Investment Commission has approved the manufacturing and distribution of Nissan cars in Myanmar by Tan Chong Motor (Myanmar) Co Ltd on August 15, according to a report from the Ministry of National Planning and Economic Development.
Malaysia-based Tan Chong Motor Holdings
Bhd (TCMH), the business partner of Japan's Nissan Motor, has engaged in
discussion with Myanmar authorities since last year to manufacture and
distribute Nissan cars and spare parts in Myanmar.
TCMH Group's subsidiary ETCM (MM) Pte
Ltd (Malaysia), registered as Tan Chong Motor (Myanmar) Ltd, is now to
set up an automobile assembly plant in Bago Region.
Tan Chong Motor (Myanmar) will conduct
the business as wholly-owned and a hundred percent foreign investment,
said the ministry's report.
Meanwhile, Malaysia-based APM Automotive
Indochina was also approved by the Investment Commission on August 15
to manufacture and distribute car spare parts.
As a hundred percent foreign investment,
APM Auto Components Myanmar Co Ltd was allowed to build a manufacturing
plant in Bago Region.
Other international auto-makers are also
planning to open car sale centres and car showrooms in Myanmar by
themselves or by their representative companies.
source: Eleven Myanmar
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