Nearly $800 mln FDI flows in livestock and fisheries sector

1 March

Myanmar’s livestock and fisheries sector attracted nearly US$ 800 million in foreign direct investment, according to a recent report by the Directorate of Investment and Company Administration (DICA).

At present, 16 countries made investment in the livestock and fisheries sector. Among them, Thailand has topped the list of investments, in 18 enterprises worth over $384 million, followed by Singapore with 14 enterprises worth over $129 million.

These investments were made mostly in animal feed production and livestock exports and production, according to DICA. Government policy allows FDIs to make 100 per cent investments in the livestock sector.

Currently, the livestock technology sector and meat production sector have reported the highest levels of foreign investment in Myanmar.—GNLM (Translated by Hay Mar)