First Singapore Business Mission to Myanmar organised by the Singapore Water Association (SWA)
A business mission led by SWA to Myanmar from 27th Nov to 1st Dec was organised with the aim to promote understanding of the water supply and waste water treatment facilities in the country This is held in collaborations with relevant key Government authorities and Industry groups, to better understand the business environment as well as to explore and develop cross-border business.
During the mission the delegation met with the Yangon City Development Committee (YCDC); visited the water supply treatment at Lagoon Pyin site and the waste water plant located at Botataung township.
Furthermore, business to business meetings were held with 25 local stakeholders which was organised with the Myanmar Engineering Society (MES).
The delegation also met with the Irrigation and Water Utilisation Management Department (IWUMD).
After the mission, the delegation attended the MYANWATER 2018 Expo – Myanmar's leading international water supply & treatment exhibition where some of the delegates showcased their products.
The trade mission, organised by SWA, consists of 9 Singapore companies from the water industry. Mr Jasvinder from SWA explained that the purpose of the business mission is to understand the business opportunities that exist in Myanmar by connecting with the local Myanmar stakeholders.
by Singapore delegate SWA Trade Mission
"the time is right, we want to prepare our strategy to enter into this market now"!
Another delegate stated that the reason for participating in the business mission is to have a better understanding off the local market. "It is important to get information first hand. We hear a lot that Myanmar is booming and there are many business opportunities that exist. But it is all hearsay, we joined this mission to hear directly from the key decision makers in Myanmar, and we are glad we participated".
Another delegate mentioned - "after discussing with the local organisations and companies, we now have a better understanding of the local business potential, conditions and the opportunities current and in the future. We got a better idea and insight of what is needed". "Also, we hope SWA will organise similar missions around this region where the demand for water is growing.
The delegates and SWA hope that the mission will lead to new business relations between Singapore and Myanmar companies. "We look forward to welcoming a delegation of Myanmar from the water and sanitation industry to Singapore in the future" Mr Jasvinder stated.