Myanmar manufacturing receives 75 mln USD FDI in 5 months

YANGON, Sept. 17 (Xinhua) — Myanmar’s manufacturing sector received 75 million U.S. dollars from 23 foreign enterprises from April to August, the state-run Global New Light of Myanmar reported on Tuesday.
The media report, citing statistics released by the Directorate of Investment and Company Administration, said the sector mainly focuses on garment and textile production.
During the period, the transport and communication sector attracted the most foreign direct investments with 83 million dollars, followed by the manufacturing sector with 75 million dollars, and the services sector with 44 million dollars, it added.
The Myanmar Investment Commission approved 26 foreign projects from seven countries, totaling over 207 million dollars in investments in the above period, it said. ■