Hitachi Asia Ltd on Tuesday announced that it has established the Yangon Branch of Hitachi Asia (Thailand) Co Ltd in the city of Yangon, Myanmar.
Myanmar enjoys geographic advantages due to its close proximity to China and India, as well as its fellow ASEAN member states. Home to a population of about 62 million, the country also offers good prospects as a consumer market. With high expectations for strong economic growth, companies from various countries around the world are planning to enter the Myanmar market. Against this backdrop, the country has been making progress in the development of various forms of infrastructure.
Hitachi has long contributed to the development of social infrastructure in Myanmar. Notably, the company has supplied power generation equipment to local power plants since the 1950s.
In order to strengthen its ability to gather information locally and conduct local market research, Hitachi established the Yangon branch.