|By PR Newswire||
|August 13, 2014 05:42 AM EDT||
YANGON, Myanmar, Aug. 13, 2014 /PRNewswire/ -- Following the outstanding success of INTERMACH & SUBCON in Thailand (ASEAN's Largest International Industrial Machinery and Subcontracting exhibition) INTERMACH Myanmar & SUBCON Myanmar 2014 is expected to follow the same road to success. The show's organiser, UBM Asia (Thailand) is proud to again host the 2nd edition of the event from 29-31 October, 2014 in Yangon.
Myanmar's economic growth is set to rise at an annual rate of 7.8 percent for the next two fiscal years (2014-15). According to a press release from the Asian Development Bank, economic performance is being generated by large projects that are funded by foreign investors. Myanmar received US$ 2.21 billion in such investment in the first four months of 2014 and across the country extensive infrastructure projects are being planned. New roads and highways, upgrading rail track and rolling stock, elevated telecom base power stations, deep sea ports, airports, plus Thilawa SEZ industrial estates and other key sites are attracting investments from Japan, Korea, Europe and Myanmar's ASEAN neighbours.
With these foreign investments and economic growth, INTERMACH Myanmar & SUBCON Myanmar 2014 will bring business opportunities for industrial machinery manufacturing companies enabling them to expand their markets and establish a foothold in booming Myanmar. The event will be attended by over thousands of entrepreneurs, investors, buyers and decision makers from all over Myanmar and is expected to have over 150 world leading brands from 11 countries that will showcase more than 1,000 industrial products ranging from tools to Machinery. Many international name brands such as Bosch, Digigate, Everising, Hexagon, Hypertherm, Kanefusa, Koike, Linghein, Mitutoyo, Panasonic and many more will be prominent.
INTERMACH Myanmar & SUBCON Myanmar 2014 will offer exceptional business opportunities for industrial part makers in Myanmar - especially in the auto parts industry. As a result International corporations are eager to get established and leading auto manufacturers are already entering the Myanmar market with many in the process of setting up factories. They currently include Chery Automobile Co., Ltd, Tata Motors, Toyota, Subaru, Nissan and Proton. The automotive industry will mainly focus on assembly since Myanmar has been unable to manufacture spare parts for vehicles and has found it necessary to import many items. This has created exciting opportunities for international parts and spare part manufacturers. Low government import taxes for parts and accessories is another plus and is motivating the import of tires, engines and a wide variety of automotive parts.
INTERMACH & SUBCON Myanmar will also feature business-matching with local companies and international corporations. These Seminars and Workshops will cover how to set up profitable business in the new Myanmar during the three day event.
"Following the success of the previous edition, INTERMACH MYANMAR & SUBCON MYANMAR 2014 is expecting to achieve even greater success for exhibiting companies in terms of quality trade visitors and business opportunities that will be presented throughout the event. No other show can match this success," said Mr. Sanchai Noombunnam, Group Director, UBM Asia (Thailand).
MYANMAR & SUBCON MYANMAR 2014
29-31 October 2014
Tatmadaw Exhibition Hall, Yangon, Myanmar
SOURCE UBM Asia (Thailand)
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