Home / Knowledge / News / Apparel/Garments / GMAC urges global buyers to hike prices of garments
GMAC urges global buyers to hike prices of garments
24
Oct '15
The Garment Manufacturers Association in Cambodia (GMAC) has urged international buyers sourcing garments from Cambodia to raise their costs in order to keep factories financially workable.

GMAC also demanded for increase in productivity in the sector from the garment factory workers after the recent increase in minimum wage rate to $140 per month from the current $128 per month, as per Cambodian media reports.

Even though international companies like H&M, Gap, and Adidas have welcomed the rise in minimum wages of the Cambodian workers, GMAC fears the wage hike may affect orders in 2016. Hence the association wants the support of labour unions to convince buyers to pay manufacturers more in order to help them absorb the rising wage cost.

Prime Minister Hun Sen also expressed concerns about companies fleeing Cambodia owing to the rise in minimum wages in a speech he gave recently at the National Institute of Education in Phnom Penh. He said, “In Myanmar, workers' wages increased to $67, Laos is at about $80, Bangladesh's special economic zones receive $75, India and Nepal also have low wages, but in a few months the wages will reach $140 in Cambodia.”

He further warned that global companies might prefer to source garments from countries with cheap labour and may move out of Cambodia, hence he emphasised on working things out with the companies to make them stay.

Meanwhile, certain brands like Levis Strauss, Gap, and Adidas have announced that they would continue sourcing garments from Cambodia in spite of the wage hike. (HO)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search