Chinese Cattle Breeder Invests in Myanmar, Plans to Export
MYANMAR - The Myanmar Invest Commission (MIC) last month permitted China’s Kangrui Agriculture & Livestock Development Company to invest in the raising of cattle in Myanmar.
5 July 2019
1 minute read
The investment will involve an injection of US$37 million in funds. A breeding facility will be established in Mahlaing Township, Mandalay Region.
Kangrui Agriculture & Livestock Development Company, which is 90 percent owned by Shanghai Penghe Supply Chain Management and 10pc by Dehong Penghe Agriculture Development, will be the first wholly-owned Chinese outfit to invest in breeding cattle in Myanmar.
The cattle will be bred domestically and mainly exported to China, said U Thant Sin Lwin, Acting Director General of Directorate of Investment and Company Administration (DICA).
Investors are starting to take interest in the cattle business after the Ministry of Commerce in October 2017 officially permitted breeders to export Myanmar-bred cattle in an effort to control illegal exports.
“Foreign investors see potential in this business," said U Thant Sin Lwin.
Myanmar cattle are mainly exported to China via the Muse border trade gate, as well as to Thailand.
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Source: Myanmar Times
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