Tata group opens new office in Yangon

The Tata group has announced the establishment of a new office premises in Yangon, strengthening its presence in Myanmar, the company said in a statement on 22 September. The office, set up by Tata International, will be a central hub for Tata companies, and will further enhance and strengthen the group’s engagement with stakeholders in […]

Tata Group set to focus on Vietnam, Myanmar

MUMBAI: At least seven companies of India’s oldest conglomerate, Tata Sons, have zeroed in on Vietnam and Myanmar as markets that need to be penetrated into. Growing economies and an expanding middle class, as well as pacts with global powers and tax incentives have made these countries important for firms that seek to reach out […]

Thousands of Myanmar-registered companies risk being struck off

More than 20,000 companies are at risk of being struck off by the regulator, including local conglomerates and multinationals, after failing to respond to a request for confirmation that they are still in business. The Directorate of Investment and Company Administration published the request through state media in September, with a view to cleaning up […]

Keeping the FDI spigot flowing in Myanmar

After emerging from nearly half a century of economic isolation, Myanmar has become an investment darling thanks to reforms launched by military leaders four years ago. The surge in foreign direct investment (FDI) has been substantial despite restrictions remaining in some sectors and uncertainties surrounding the upcoming general election. Even though some investors have adopted […]

Tata targets building materials, machines

India-based Tata International will export heavy construction equipment to Myanmar at the start of September, said the company’s country head for Myanmar, Sunil Seth. Tata International, a trading arm of the Tata Group, has been exporting products to Myanmar for seven months, Mr Seth said on August 13. While it has previously focused on products […]