Meanwhile, a total of 17 Japanese automobile companies were reported to run automobile industries in Myanmar in cooperation with local counterparts covering the sectors of manufacturing, trading and production of automobile accessories.
Myanmar mostly imports Chinese and Japanese joint-venture cars and automobile spare parts for use in the country.
Currently, Myanmar is planning to produce HiAce as well as LiteAce automobile cars of one to two and a half tons with 80 percent of the engine and spare parts being imported.
In addition to the automobile sector, industry officials have also urged entrepreneurs in the country to make investment in producing high-quality cotton and textile at home.
In the wake of seeking investment in Myanmar's garment industry by new foreign companies, the existing garment enterprises in the country are also extending their business.
In this respects, the Myanmar industrial authorities are cooperating with Japanese entrepreneurs in quality garment production to boost the export to Japan as well as to expand its foreign market.
Japan took up one third of Myanmar's garment export standing as Myanmar's largest garment exporting country, followed by Britain, Germany and Spain.
Meanwhile, Myanmar also emphasized the need for development of heavy industry in the country, saying that heavy machinery is in high demand due to a great number of construction projects underway in the nation.
Myanmar's industrial sector contributes about 20 percent to the gross domestic product and private sector's contribution to the industrial sector stood 92.36 percent, statistics show.
