Ks15 billion to be spent on Yangon’s agricultural development over next three months

THE Yangon Region government will spend Ks15 billion on development of the region’s agriculture sector within the last three months of this fiscal year, Yangon Region Chief Minister U Phyo Min Thein said at a recent workshop held at UMFCCI office tower.
Regional authorities plan to spend Ks8 billion on shifting from traditional practices to mechanised farming and Ks7 billion will go to programmes to repair irrigation systems to supply water, the Chief Minister said.
A detailed master plan for the programmes is planned to be developed this month after meeting with relevant officials from all segments to implement the plan as quickly as possible, said Dr Soe Tun, deputy chair of the Myanmar Rice Federation.
The regional government will urge companies which have acres of farmlands and vacant land plots in Yangon to operate agriculture businesses there.
Although there are more than 2.5 million acres of farmland across Yangon, agricultural businesses are farming only 1.2 million acres of land because of flooding, insufficient water supply for irrigation, technical and monetary challenges, according to the Yangon Region Ministry for Agriculture, Livestock, Forestry and Energy.—Phyo Lwin Aung (AMIA)

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