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
'Demeans the office ... ': Kamala Harris reacts after Trump calls her a 'sh*t Vice President'
Top 8 Centre Table Decoration Ideas for Living Room
Eknath Shinde stays poll campaign post for Gauri Lankesh murder suspect
Prince William reveals unexpected family member he and Kate Middleton share bed with
Lewis Hamilton has worrying Mercedes theory after spinning out of United States Grand Prix