Myanmar Industrial Port (MIP) Container Terminal and Inland Container Depot of Myanmar Annawa Swan-er-shin Group (S) Co Ltd (MAS) was formally opened on 4th January 2003.
This national, privately-owned port was founded with the guidance and assistance of the Head of State. The ministry had permitted private entrepreneurs to undertake port services in cooperation with local and foreign investors, as long as the services are in accord with the Myanmar Investment Law. MIP was built with MAS as the sole investor, with MAS funding and overseeing the port construction and operations 100%.
MIP's main business is the handling of containers and other port services on an international level. It has been incredibly successful at what it does; expanding tremendously in just over a decade. It has also diversified and expanded its portfolio with many new ventures and assets.