Nay Pyi Taw, Dec 9
State Counsellor Daw aung San Suu Kyi opened the entrepreneurs Summit 2017 in Nay Pyi Taw yesterday with an address in which she encouraged the country’s young entrepreneurs to use cutting-edge technology for the development of Myanmar and take advantage of the country’s unique location and abundant resources.
The entrepreneurs Summit 2017, with its theme “Leading entrepreneurs, Building economy” was organised by the Myanmar Young entrepreneurs association, attracting
about 1,000 young entrepre neurs from across the country to discuss policies and initiatives that will support the success of young entrepreneurs in Myanmar.
To stand with dignity and strength among the world, Myanmar needs a strong economy, and we must develop the country by combining the power of the youths and economic power,” said the State Counsellor.
She also reiterated the need to promote the intelligence and quality of the citizens and the role of the government in building a sustainable economy.
Daw Aung San Suu Kyi has also urged regional governments to support entrepreneurs in their regions and states as the Union Government has been encouraging small and medium-sized enterprises as part of efforts for establishing the culture of entrepreneurship in the country.
The State Counsellor also urged the country’s entrepreneurs to share their experiences with young entrepreneurs and to carry out innovation. She also urged the entrepreneurs to make efforts overcoming challenges and make the best use of the geographical location of Myanmar, which sits between the two highest populated countries in the world of China and India.
Daw Aung San Suu Kyi also invited suggestions from the young entrepreneurs to be taken into consideration about the government’s plans for creating a good investment environment in the country.
Despite rich land, favourable weather and natural resources, Myanmar is facing challenges in penetrating the regional market, as the country’s crops do not meet the required quality due to lack of innovation.
She urged the entrepreneurs to promote the quality the country’s products with the use of innovation to be able to export value-added products rather than raw material.
In her opening speech, the State Counsellor also highlighted the “3 M’s” – money, market and mentorship – that would propel Myanmar’s young entrepreneurs to compete at the regional and international level.
To achieve a strong market, entrepreneurs should not solely rely on the government, but also use their capabilities to find the market through their quality products, said the State Counsellor.
State Counsellor Daw Aung San Suu Kyi also suggested that entrepreneurs who have achieved success in their businesses to build a Mentorship Network to be able to seek advice from successful businessmen from ASEAN countries and to assist local young entrepreneurs.
In concluding, she urged the young entrepreneurs to try hard to become honourable businesspersons who can conduct responsible businesses without seeking just profits.
A number of Entrepreneurship Awards were presented at the Summit to outstanding young entrepreneurs from across the nation.
Young entrepreneurs are the engines of growth: State Counsellor
