According to the Directorate of Investment and Company Administration (DICA), the livestock and fisheries sector has attracted five foreign investment projects as of January-end in the current financial year 2020-2021 since October, according to the Directorate of Investment and Company Administration (DICA).
Those businesses brought in around US$21.4 million, including the expansion of investments by the existing joint ventures.
They are executing layer farm, pig farming and sales of pigs, production and farming of eggs and shrimp, as per the DICA data.
Since 1988-1989FY, about US$926 million of FDI have flowed into the livestock and fisheries sector.
At present, 16 countries invested in the livestock and fisheries sector. Among them, Thailand has topped the list of assets, with over $380 million, followed by Singapore, with about $130 million.
Myanmar’s livestock and fishery sectors are crucial to many vulnerable households’ livelihoods and improve their nutritional outcomes.—KK/GNLM