Home / Knowledge / News / Apparel/Garments / Myanmar approves new investments in garment sector
Myanmar approves new investments in garment sector
10
Feb '16
The Myanmar Investment Commission (MIC) has approved 14 new local and foreign projects in garment sector, according to Myanmarese media reports.

In January 2016, the MIC approved 30 new investment proposals, of which are related to15 foreign investments, 6 local investments and 9 joint venture projects, as per figures published by the directorate of investment and company administration (DICA). Of the total 30 project, 14 are related to setting up of new garment factories.

Majority of the foreign investors are observing the domestic political changes before committing to the market, said U Aung Naing Oo, director general of DICA. “Foreign investment is likely to rise once the new cabinet is in place. We have fallen behind our investment target but we expect to meet it by the end of the year,” he told The Myanmar Times.

Myanmar has achieved $4.9 billion foreign investment till December 2015 and expects to rack up to $6 billion for the 2015-16 financial year. (NA)

 

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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