Employees clean and wash farmed fish at Hlaing Htate Khaung Cold Store in Yangon, Myanmar on August 29, 2018.

Photograph: Taylor Weidman/Bloomberg

Livestock, fisheries attract six foreign investment projects in eight months

Livestock and fisheries sector has attracted six foreign investment projects as of May-end in the current financial year 2020-2021 since October, according to the Directorate of Investment and Company Administration (DICA). Those businesses brought in about US$19.2 million, including the expansion of investments by the existing joint ventures.

They are executing broiler farm, pig farming and sales of pigs, production and farming of layers and shrimp, as per data of the DICA. Since 1988-1989 FY, about US$924 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 is 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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