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

Textiles | On 25th Apr 2017

Greater Manchester is high on its textiles industry

Greater Manchester is witnessing a boom in textiles industry with 77...

Apparel/Garments | On 25th Apr 2017

Foreign buyers paying less for green factory apparel

International buyers are not paying enough for apparel and garments...

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search