Mizzima awarded global JTI certificate for reliable news on Myanmar

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Mizzima Mizzima, one of Myanmar ’s most prominent news outlets and a press freedom advocate, obtained the Journalism Trust Initiative ( JTI ) certification from global audit firm Bureau Veritas , JTI says in a press statement 5 January.  Operating in clandestine mode within Myanmar and supported by an exiled team, Mizzima strives to fulfil its role as reliable source of news and information for the Myanmar public. “Your Journalism Trust Initiative certification affirms what audiences already know: that principled, transparent journalism matters. Congratulations on this achievement and on your continued contribution to informing citizens about Myanmar,” says Benjamin Sabbah , director of Journalism Trust Initiative “Myanmar’s ongoing conflict has created an intensely contested media landscape, where mis- and disinformation are increasingly deployed to reinforce state propaganda and the prevailing “official” narrative. Although Mizzima is already regarded as one of the most trusted ...
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Burma’s president invites Indian industrialists to invest in SEZs

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Monday, 24 December 2012 14:49 Ko Pauk

Burmese President Thein Sein has invited India’s leading businessmen and industrialists to invest in Burma’s special economic zones (SEZs).

Pictured in Mumbai on Friday, (L-R) Mr Chandrajit Banerjee, Director General CII; Mr Adi Godrej, President CII & Chairman Godrej Group; and Thein Sein, President, Republic of Union of Myanmar. (Photo: CII)

At a closed-door dinner hosted by the Confederation of Indian Industry (CII) in Mumbai on Friday, Thein Sein informally invited CII executive members to invest in Burma.

Burma’s ad interim Consul-General in New Delhi, Ba Hla Aye, told Mizzima that the President was responding to Indian industrialists, including representatives of TATA and Mahindra & Mahindra, after they expressed keen interest in investing in Burma.

TATA is India’s largest multinational firm with interests as diverse as IT and electrical services, engineering, cars and chemicals, while Mahindra & Mahindra is one of the country’s largest automobile manufacturers.

“Mahindra & Mahindra said that they would like to invest in and develop the SEZs,” said Ba Hla Aye. “TATA would like to invest and operate coal-fired thermal power plants.

“However, they complained about [Burma’s] double taxation on their motor industry, first in importing automobile parts and again in assembling the finished product,” he said. “Our President assured them he would do what he could to resolve this.”

Thein Sein reportedly pointed to the SEZs at Dawei, Kyaukphyu and Thilawa, and urged members of the CII to invest in those mega-projects.

The Burmese President said that Burma was rich in minerals, oil, gas and energy resources, and had an abundance of cultivable lands. He told the businessmen that these presented great investment opportunities for them.

“The President invited Small and Medium Enterprises (SMEs) from India to come to Burma as they have a lot of experience in these businesses and can offer great job opportunities for the people of Burma,” said the Consul-General. “He said that India has many SMEs in its own country and should look at opportunities of building similar businesses in Burma.”

The New Indian Express reported that Thein Sein said, “An Indian-Myanmar-Thai trilateral highway will certainly promote and uplift regional connectivity and trade.”

India is Burma’s fourth largest trading partner with bilateral trade reaching US $1.35 billion during the 2011-12 fiscal year.

Burma exported agricultural and timber products worth $1.046 billion. India exported iron and iron products, pharmaceuticals, transport equipment, machinery and tools worth $324.5 million during that same year, a 66.5 percent increase over the previous financial year, according to CII data.

Leading Indian industrialists who attended the Mumbai dinner hosted in honor of the Burmese President were: CII Chairman Adi Godrej, Vice-Chairman of Tata Consultancy Services S. Ramadorai, Vice-Chairman of Tata Steel B. Muthuraman, Vice-Chairman of Tata Motors Ravi Kant, Director of Mahindra & Mahindra Arun Nanda, and CEO of Zensar Technologies Ganesh Natarajan.

President Thein Sein was attending an India-ASEAN summit held in New Delhi on December 20-21. He also visited the palace of deposed King Thibaw on Saturday morning before flying back to Burma that same day.
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Related articles:

http://www.mizzima.com/news/regional/8608-indian-business-elite-host-dinner-for-thein-sein-.html

http://www.mizzima.com/business/8283-burma-india-stepping-up-trade-contacts.html

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