Yangon, Oct 20 (IANS) 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.
--IANS
int/svn
You may also like
Threats to flights keep pouring in; no improvement in over week-old crisis
Cyclonic storm likely to form over Bay of Bengal by Oct 23, may affect Odisha, West Bengal
India's Automobile Surge: How Many Cars Are Hitting Global Markets?
Alan Shearer pinpoints what Arsenal must change to stop dropping points
PM Modi inaugurates eye hospital in Varanasi