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Myanmar & Turkey cooperate in RMG sector
26
Aug '09
Aiming to beef-up the production by making use of local factories, the Myanmar Garment Entrepreneurs and Tema Textile Group of Turkey have launched a cutting, manufacturing and packaging (CMP) operation in Yangon.

The Tema Group, which is the largest textile retailer in Turkey, is targeting to produce 1.25 million units of clothing in the first six months of 2010, in the first phase of the project. It is estimated that the entire project will cost about US $6.75 million.

The Tema Group will ship raw textiles to Yangon from Shanghai through water-ways and provide accessories by land transport and will also offer designs and technical support to the local manufacturers.

This development is expected to revitalize the garment industry of the country that witnessed a manufacturing plunge due to global recession.

Garment exports to Turkey reached above 10 million dollars in 2008 which is expected to increase further, approximately to 100 million dollars by next year.

Overall garment exports from Myanmar in 2008 stood at US $385 million, against $350 million in 2007.

One third of Myanmar's garments are exported to Japan, which is also the biggest buyer of apparels from Myanmar, followed by England, Germany and Spain.

Apart from this, these garments have acquired markets in regions like South Korea, Brazil, Argentina, South Africa and Turkey.

One third of Myanmar's garments are imported by Japan, which stands as the largest garment exporting country of Myanmar, followed by England, Germany and Spain, reveled the statistics.

Fibre2fashion News Desk - India


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