The Burma Economic Development Corporation (BEDC), formerly the Defence Services Institute (DSI), was Burma's largest economic enterprise in the late 1950s. A state-run enterprise, it was established in May 1961, under the 1961 Burma Economic Development Corporation Act with the resumption of civilian rule, although it remained under military control. BEDC was nationalized on 20 October 1963, as part of the implementation of the

Burmese Way to Socialism The Burmese Way to Socialism ( my, မြန်မာ့နည်းမြန်မာ့ဟန် ဆိုရှယ်လစ်စနစ်), also known as the Burmese Road to Socialism, was the state ideology of the Socialist Republic of th ...

. At the time of nationalization, BEDC consisted of 42 separate firms, including Burma Beverage Co., Mandalay Brewery and Distillery, along with various chemical and paint, pharmaceutical, polyproducts, canning, shoes, garment manufacturers, book stores, housing and construction companies, fisheries, hardwood trading, hotel operators, and coal suppliers.

References

{{reflist Financial services companies of Myanmar Economic history of Myanmar Financial services companies established in 1961 Government agencies established in 1961 1961 establishments in Burma Economic development organizations