Myanmar has been encouraging local and foreign investment in mineral exploration. The Karam Chang Thapar (KCT) Company, an Indian company, is offering to conduct mining work in two townships of Falam and Tunzang in Myanmar’s Chin State and is likely to carry out such mineral exploration work as on gold, chromites, nickel and limestone.

Official statistics show that existing foreign contracted investment in Myanmar’s mining sector amounted to 2.337 billion U. S. dollars in 11 projects as of the end of January 2014 since the country opened to such investment in late 1988, accounting for 6.6 percent of the total foreign investment and standing as the third largest sectorally after electric power and oil and gas.