Home / Knowledge / News / Apparel/Garments / Hong Kong manufactures to set up garment park in Myanmar
Hong Kong manufactures to set up garment park in Myanmar
15
Mar '14
Garment manufacturers from Hong Kong have entered into an agreement to set up their first industrial park in Myanmar, reports the South China Morning Post.
 
The apparel park would be set up on 200 hectare area in Yangon, the former capital of Myanmar. The park would be part of the 400-hectare Thilawa Special Economic Zone, co-built by Myanmar and Japan.
 
About 12 Hong Kong clothing firms participating in the apparel park aim to benefit from the low cost of production in Myanmar, as the cost of labour is only about 20 percent of the wages in China.
 
The construction work is expected to begin in mid-2015 and the garment units in the park are likely to go operational by the 2015-end, according to the report.
 
Once the garment park becomes operational, it would create employment opportunities for at least 30,000 Myanmarese people, who will be paid salary at market rates. At present, garment workers in Myanmar get salary of about US$ 100-120 per month.
 
Hong Kong entrepreneurs also expect to benefit from the duty-free access enjoyed by Myanmar while exporting to the EU.
 
In recent years, several apparel manufacturers have either opened new production facilities or shifted their existing ones to Bangladesh and Southeast Asia, owing to rising wages, appreciation of the Chinese renminbi and other factors.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Sep 2016

CBEC unveils draft rules for registration under GST

The Central Board of Excise and Customs (CBEC) has unveiled draft...

Textiles | On 27th Sep 2016

Pak spinner Sajjad Textile halts operation

In a filing with the stock exchange, Pakistan yarn spinner Sajjad...

Courtesy: BCG

Fashion | On 27th Sep 2016

Luxury brands need to shift in digital direction: BCG

A new research report from BCG indicates that almost six out of ten...

Interviews View All

Amit Jain
Shingora Textiles Ltd

Sanjay Yagnik
Maa Tex Speciality

Kevin Nelson
TissueGen

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

Giorgio Mantovani
Corman S.p.A

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

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

Judy Frater
Somaiya Kala Vidya

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

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search