Myanmar invites investments in logistic services sector

Source: Xinhua| 2017-12-29 15:36:19|Editor: Yurou
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YANGON, Dec. 29 (Xinhua) -- Myanmar Investment Commission (MIC) has invited local and foreign investments in logistic services sector, official Global New Light of Myanmar reported Friday.

Aiming at reducing trade delay and promoting trade facilitation, the investments are invited in dry port services, bonded warehouses services, highway bus and freight terminals, warehouses, wholesale centres and trading hubs.

Investors from home and abroad are also invited in manufacturing of the import-substitute commodities, vehicles, machines, telecommunication equipment as well as production of electricity distributing and control apparatus, fertilizer, plastic raw materials and other commodities products.

In accordance with the statistics, over 4.5 billion U.S. dollars' foreign direct investment had entered the country so far in present fiscal year 2017-2018.

The country's industry sector takes over 35 percent of the total investment while real estate sector accounts for 24 percent of investment entered into the country.

In fiscal year 2016-2017, the country attracted over 6.8 billion U.S. dollars foreign investment. The country targets over 6 billion U.S. dollars of FDI in fiscal year 2017-2018.