The total foreign investments in the local agricultural sector reached $414.12 million which is 0.49 per cent of the total FDI during over 30 years according to the Directorate of Investment and Company Administration (DICA).
Agricultural sector saw an inflow of $173.101 million FDI from 1988-89 to 2010-11 FY. The FDI in the agricultural sector hit $9.650 million in 2012-13 FY, $20.269 million in 2013-14 FY, $39.666 million in 2014-15 FY, $7.180 million in 2015-16 FY, $124.485 million in 2017-18 FY, $10.650 million from April to September, 2018, and $19.119 million in 2018-19 FY. There was zero FDI in the 2016-17 FY.
Ministry of Agriculture, Livestock and Irrigation is working on the development of the agricultural productions sector with the investments and technical cooperation by interested local and foreign investors.
Myanmar Investment Commission (MIC) will give the greenlight to the investment proposals for the agricultural sector which is included in the priority list of the investment promotion during this year as quickly as possible.
Source: Eleven Myanmar
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