Agriculture in Myanmar
Agriculture is the most important sector of Myanmar's economy. It makes up 58% of the GDP, 48% of exports, and employs 70% of the nation's population.
Myanmar's Ministry of Agriculture and Irrigation (MOAI) welcomes investment in the following areas:
Up to 5,000 acres of land may be approved for investment. Permission may be granted for a total of 30 years. Extended permission is negotiable. You may be granted exemption from income tax for the first 3 years of commercial business.
The MOAI is looking for investors to establish plantations that produce perennial and seasonal crops. These crops include, but are not limited to, rubber, oil palm, cashew nuts, mangoes, bananas, and pineapples.
There are currently 8 mills in operation. 8 more are under construction. Joint-ventures could hasten the completion of these new mills.
Myanmar's cotton ginning, delinting, and bailing factories are in need of modernization. Cotton yarn manufacturing, silk production, weaving, and the cotton seed oil industry may be worth investing in.
Myanmar exports jute bags, carpet backing cloth, jute carpet, cotton carpet, polypropylene carpet, yearns and jute handicrafts. The MOAI operates 13 jute industries, but there is still plenty of room for investment.
Myanmar is seeking direct foreign investment as well as joint-ventures in its rubber industry. The MOAI specifically notes that there is available land for commercial estates.
The MOAI is seeking new pesticide plants, seed processing plants, edible oil mills, food processing factories and animal feed plants to satisfy local demand as well as for export.
Assembling and manufacturing of light agricultural machinery is needed. Power tillers (3-10 HP and 12 HP), walking tractors (5-6 HP), water pumps, sprinklers, drip irrigation sets, transplanters, threshers, seeders, weeders, dryers, and farm storage facilities are in demand.
Rice, maize, black gram, green gram, pigeon pea, chick pea, sesame, onion, tamarind, raw rubber, vegetables, and fruits
Power tillers, hand tractors, fertilizers, pesticides, herbicides, diesel oil, dumpers, loaders and spare parts, water pumps, hydraulic excavators, gear box assembly for hand tractors, MS rod & mild steel, hybrid and quality seeds