The Industrial sector is very important to development of the country. The Industry is geared largely to the processing of agricultural, mineral, and forest products. More than half of the Myanmar industrial production is accounted for by the public sector.

Within each fiscal year there is a considerable growth within this sector, and already this sector is leading the race and has received more foreign direct investment (FDI’s) than any other sector. The industrial sector received over $437 million FDI’s, within the first two months of this six-month transition fiscal year. This positive development, is a result of the change within the fiscal year format.

17 out of the 22 foreign investments in May and June went to the industrial sector, and the rest went in to the hotel and tourism sector, other service sectors, and agricultural sectors. All of which creates over 13,000 job opportunities for local, and foreign workers.

K41,754 million, out of the total local investments went to the industrial sector, according to the data provided from MIC.

The Myanmar Investment Commission (MIC), a government-appointed body under the Ministry of Planning, and Finance that appraises domestic investment proposals in Myanmar, also approved 23 local investments worth K65,680 million. All within the same period which in turn will create over 2,700 additional job opportunities.