Home / Knowledge / News / Apparel/Garments / Myanmar garment industry attracts Western brands
Myanmar garment industry attracts Western brands
24
Jan '13
Western brands are showing increasing interest in Myanmar garment industry, according to Myanmarese experts.
 
The Western apparel brands are evaluating the benefits that they can draw from Myanmar’s massive and economical workforce against the country’s infrastructural drawbacks, Khaing Khaing Nwe of the Myanmar Garment and Textile Association said, according to an Eleven Myanmar report.
 
Compared to leading garment exporting countries like Bangladesh, China and Vietnam, the minimum monthly wage in Myanmar is quite low at US$ 40. However, there are certain drawbacks like limited access to electricity and some industrial zones get power supply from only 8:00 a.m. to 5:00 p.m.
 
However, Mr. Nwe said the buyers as well as the producers expect the country’s clothing industry to grow as not only the export sanctions have been lifted but the Government has also eased the foreign investment rules making it easier for overseas firms to invest in the country.
 
According to industry representatives, there has been a surge in Myanmar’s garment exports to the EU, after EU reintroduced the tax concessions on imports from Myanmar, under its Generalized System of Preferences (GSP) system. These tax concessions were in suspension since 1997.
 
Meanwhile, Chinese and Taiwanese producers who were operating their garment units in Myanmar as local entities have filed applications with the Directorate of Investment and Company Administration (DICA) to get themselves re-registered as foreign direct investment (FDI) businesses.
 
Majority of the garment units in Myanmar are located in industrial zones near the capital Yangon.
 

Fibre2fashion News Desk - India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Giorgio Mantovani
Corman S.p.A

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

Marcel Alberts
Eurofibers

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search