Foreign businesses have been allowed to invest up to 80 percent in Myanmar’s agriculture sector instead of 49 percent, according to Myanmar Investment Commission (MIC). With this permission, investments in rice mills have increased to a certain degree. More investments have come to seed production businesses as foreigners are allowed to invest fully in them. MIC is expecting more foreign investment in manufacturing value-added products in the country’s agriculture sector. From 1988-1989 to 2017-2018 fiscal years, the value of foreign investment in the agriculture sector amounted to US$390.001 million.

Source – Daily Eleven

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