The agriculture sector contributes almost a third of the country’s GDP and provides jobs for at least 70 percent of the population.
Despite this though, agrochemicals such as fertilisers and pesticides, which are necessary for agriculture, are mostly imported. As high quality agrochemicals are encouraged, farmers are seeing their costs of production rise by the year.
To ease that load, HAIC will manufacture more than 200 proprietary agrochemical blends which it will distribute at an affordable price to local farmers. This will reduce the cost of production per acre for each farmer, U Aung Thu, union minister of the Ministry of Agriculture, Livestock and Irrigation, said at the opening ceremony.
Myanma Awba is planning to utilise solar power and greenhouse technology to manage its own production costs and power consumption needs.