City
Epaper

Myanmar's manufacturing attracts FDI of $81.7 million in H1

By IANS | Updated: October 20, 2024 14:00 IST

Yangon, Oct 20 Myanmar's manufacturing sector attracted foreign direct investment of $81.7 million in the first half of ...

Open in App

Yangon, Oct 20 Myanmar's manufacturing sector attracted foreign direct investment of $81.7 million in the first half of the current fiscal year 2024-2025, the state-run Global New Light of Myanmar reported on Sunday.

According to the statistics released by the Directorate of Investment and Company Administration, most of the investment came from Chinese companies, the report said.

The manufacturing enterprises requiring a large labour force are prioritised to create job opportunities for the locals, Xinhua news agency reported quoting the Myanmar daily.

The sector mainly focuses on garment and textile production based on cutting, making and packaging, contributing to the country's gross domestic product to a certain extent, it said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalHouthis say Russian sailors injured in US airstrikes on Yemen's Red Sea port

InternationalNo justification for such acts of terror: Iranian Prez condemns J&K attack in phone call with PM Modi

NationalNo justification for such acts of terror: Iranian Prez condemns J&K attack in phone call with PM Modi

International"Opportunity to talk to a wide audience": UNICEF Representative on World Health Summit Regional Meeting in India

InternationalUAE delegation concludes official visit to Morocco to strengthen cooperation in combating money laundering, terrorism financing

International Realted Stories

InternationalRussia confirms for first time North Korean troop dispatch to Ukraine war: Reports

International"Will continue offering our full support to Indian govt": FBI Director after Pahalgam attack

InternationalAfter meeting with Zelenskyy, Trump questions Putin's willingness to stop Ukraine war

InternationalProtests continue in Sindh against Pak govt's Indus River canal project

InternationalUnder patronage of UAE President, Abdullah bin Zayed inaugurates 34th Abu Dhabi International Book Fair