No approvals are required from Ministry of Agriculture, Livestock and Irrigation for commercial livestock farming investments under $5 million

Only capital investments in commercial livestock farming exceeding $5 million or K6 billion will require approval from the Ministry of Agriculture, Livestock and Irrigation, according to the Myanmar Investment Commission on Wednesday. 

Investments in commercial livestock farming below $5 million will no longer require government approval. 

Investments in livestock and fisheries, which include those in commercial livestock farming, have been on the MIC’s list of 18 restricted investment activities since April 10, 2017. As such, all investments in the sector required prior approval from the relevant ministries in the past. 

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