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FDI flow hits nearly $246 mln in three months of this mini-budget period

LOCAL NEWS

The flow of Foreign Direct Investment (FDI) into the country stood at nearly US$246 million in the three months of this mini-budget period of the 2021-22FY, according to the Directorate of Investment and Company Administration (DICA).
In three months of the 2021-22FY mini-budget period, a total of $245.902 million FDI, including an increase in investment value flowed into the manufacturing sector, livestock and fisheries sector, energy sector, construction sector, transport and communications sector, hotels and tourism sector and other sectors.
In the 2020-21FY, the electricity sector topped FDI with over $3,121 million, followed by the industry sector with over $286 million and the transport and communications sector with over $133 million.
According to DICA, a total of 48 enterprises have been granted permits and endorsements in the 2020-21FY, bringing in the capital of $3,791.398 million.
The Ministry of Investment and Foreign Economic Relations is inviting investors to conduct business in a responsible and accountable manner. If those businesses enter Myanmar, it would be beneficial to the country. — Aye Maung/GNLM

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