Home / Knowledge / News / Apparel/Garments / Myanmar approves new foreign investments in garment sector
Myanmar approves new foreign investments in garment sector
17
Sep '13
Myanmar Investment Commission (MIC) has given its approval to several foreign businesses to invest in the country’s garment manufacturing sector in recent months.
 
This month two companies, one from the UK and another from Hong Kong, have been given permission to bring in hundred-percent foreign investment for setting up their own business of cutting, making and packing (CMP) apparel in the country, according to Eleven Myanmar.
 
Last month, MIC had granted permission to China-based SDI Manufacturing to invest in garment business in Ngwe Pinlel Industrial Zone in Yangon.
 
MIC has also permitted a joint-venture of Singapore-based Slita Pte Ltd and Myanmar’s Lita Myanmar Company and Myint Myat Htut Khaung International to open CMP operations in Shwe Lin Pann Industrial Zone in Yangon.
 
China’s Jiangsu-based Solamoda Garments Group and Hong Kong-based AMG Factory are also among the companies that have got green signal for investing in Myanmar.
 
In addition, Thailand-based North Star Manufacturing Co Ltd would be setting up a joint venture CMP garment unit with a local partner in Hlaing Tharyar Industrial Zone, also in Yangon.
 
By end of August, China was the largest foreign investor in Myanmar, followed by Thailand and Hong Kong. However, major portions of foreign investments were not in the clothing sector, but were in other sectors such as oil and gas, mining and energy sectors.
 

Fibre2fashion News Desk - India

Must ReadView All

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Kai Poehler
Voith Paper GmbH & Co. KG

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Wendell Rodricks
Wendell Rodricks

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

Robert Brunner
Devereux

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
May 2017

May 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