Livestock, fisheries attract six foreign investment projects in 2020-2021FY

The livestock and fisheries sector attracted six foreign investment projects during the last financial year 2020-2021, according to the Directorate of Investment and Company Administration (DICA).

Those businesses brought in about US$19.698 million, including the expansion of investments by the existing joint ventures. They are executing layer farming, pig farming and sales of pigs, production and farming of eggs and shrimp, as per data of the DICA.

Since 1988-1989FY, about $924.5 million of FDI have flowed into the livestock and fisheries sector. Next, 16 countries have invested 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 fishery 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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