Manufacturing

          With  the abundant natural resources, high labor quality available at low cost, existing manufacturing facilities and favorable geographical location, Myanmar has high potentials for industrial development. It contributes 9.2 % of GDP during the past 10 years period. The share in GDP by ownership in manufacturing sector is 26% state owned, 1% co-operative and 73% private sector respectively. The employment in this sector is relatively low, less than 10 percent of total labor force, which is about 1.7 million. The agro-based industries in terms of number as well as value are predominantly agricultural products processing industries such as rice milling, editable oil milling, beans and pulses processing, sugar milling, food and beverage, etc. Within the ASEAN, labor intensive and low tech industries are relocated to least developed countries. Myanmar has more rooms for such kind of opportunities. The priority industries in whish investment is strongly encouraged.