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Livestock, fisheries attract five foreign investment projects in seven months

Livestock and Fisheries sector has attracted five foreign investment projects as of April-end in the current financial year 2020-2021 since October, according to the Directorate of Investment and Company Administration (DICA). Those businesses brought in over US$20 million, including the expansion of investments by the existing joint ventures.

They are executing poultry farm, pig farming and sales of pigs, production and farming of broiler and shrimp, as per data of the DICA. Since 1988-1989 FY, about $926.218 million of FDI have flowed into the livestock and fisheries sector. Next, 16 countries have put investment in the livestock and fisheries sector so far.

Among them, Thailand has topped the list of investments, with over $380 million, followed by Singapore with about $130 million. Myanmar’s livestock and fisheries sector are crucial to the livelihoods of many vulnerable households and contribute to improving nutritional outcomes in the country. 

Source: The Global New Light of Myanmar

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