6 State owned factories, including 2 factories in Yangon, are to be sold off according to Ministry of Industry.  The list includes cotton industries, plastics bags industry in Kyauk Se, rubber industry in Thingangyun and LED industry in Mindamma. The Government also plans to privatize its remaining factories since they show billion losses every year. Currently, there are 113 factories under Ministry of Industry and over 50 industries are being rented.

Source – 7 days

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