Home / Knowledge / News / Apparel/Garments / Chinese, Myanmar firms collaborate for garment factory
Chinese, Myanmar firms collaborate for garment factory
12
Aug '14
A Chinese company and a Myanmar-based firm are collaborating to set up a garment manufacturing facility at a project cost of US $20 million, which is expected to create employment opportunities for thousands of people.

According to Eleven Myanmar, the MD of Myanmar-based Lat War Garment Company - Dr Khin Maung Aye was quoted as saying that his company and Chinese firm - Sumec Textile & Light Co Ltd, were setting up a garment factory in Bago region.

“We have already started the process of setting up the unit for which we have already employed 200 people. Phase one of the project will employ around 1,500 people and on completion of phase two, over 5,000 people will get employment”, Aye said.

A memorandum of understanding on setting up the garment factory at Yedashe was signed by Lat War Company and Sumec Textile on July 4.

To encourage investment in the apparel industry, the Myanmar has permitted 100 percent foreign investment under the foreign investment law.

Sumec ranks among top 20 Chinese textile and garment export companies and is among top three in Jiangsu province. In 2013, its export value stood at $498 million and domestic trade turnover exceeded RMB 680 million.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Sep 2016

GST Council sets exemption limit at Rs 20 lakh

The GST Council has decided to exempt businesses from the Goods and...

Apparel/Garments | On 24th Sep 2016

DGFT adds new service providers in EPCG scheme

Providing great relief to the job working units in garment clusters...

Apparel/Garments | On 24th Sep 2016

Niti Aayog kicks off Indian ecommerce policy review

A Niti Aayog committee set up for the purpose, held deliberations...

Interviews View All

Mark Paterson
Technical Absorbents Ltd

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

Paolo Ocleppo
Sandvik Hyperion

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

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

Wendell Rodricks
Wendell Rodricks

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

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