Local merchandise from a number of Arakan (Rakhine) State townships are being made regarded domestically and overseas and the market is being elevated thru free on line advertising and marketing and direct contact between retailers and buyers, in accordance to We Love Rakhine, a Facebook page.Ko Tin Nyein Oo, vice chairman of We Love Rakhine, stated they are doing this through posting free classified ads for Arakan merchandise on their Facebook web page beneath the “Made in Rakhine” banner.
“Currently, the merchandise produced in Arakan State are nevertheless little-known. Therefore, we will promote Arakan merchandise to the entire country. If the producers ask for assist from us, we will submit their merchandise on our Facebook page. By doing so, we purpose to develop Arakan merchandise no longer solely domestically however additionally internationally,” Ko Tin Nyein Oo added.
Those who favor to promote Arakan merchandise can contact the Made in Rakhine Facebook web page by way of the social network’s Messenger feature, and their merchandise and expenditures will be displayed on the page, in accordance to organisers of the initiative.
“This goals to increase Arakan merchandise in the market and small and medium companies (SMEs) in Arakan State. And this is section of our organisation’s plan,” Ko Tin Nyein Oo said.
“This is a exact sign; SMEs in Arakan State have been going through issues such as lack of entrepreneurial ideas, land and financing, and a scarcity of professional workers,” stated U Khin Maung Gyi, vice chairman of Rakhine Economic Initiative Public Co Ltd (REIC).
“This is essentially true due to the fact it advertises for SMEs in Arakan State. However, there are nevertheless some SME entrepreneurs in Arakan State who have now not been in a position to take risks. It additionally relies upon a lot on the modern-day political and monetary situation,” he added.
The authorities wishes to reap manipulate over Myanmar’s present day political, financial and banking conditions in order to make sure the improvement of SMEs in Arakan State, U Khin Maung Gyi said.
Arakan State is one of the poorest states in Myanmar, and has very few SMEs.