Home / Knowledge / News / Apparel/Garments / Japanese apparel buyers willing to invest in Myanmar
Japanese apparel buyers willing to invest in Myanmar
17
Aug '10
The Pearl River delta has lost its gleam for foreign producers to some extent, as wages in China continue to rise. However, if Myanmar decides to accelerate the slack, it needs to develop its infrastructure, inform industry sources.

Hideki Arai of Asahi Kasei Trading Company said that, China was the key producing base for textile and cloth manufacturers from Japan. But now, as business conditions in China have deteriorated significantly, a lot of companies are envisaging immense potential in the ASEAN countries, and hence, are planning to relocate elsewhere.

Eitaro Kojima, Managing Director of Japan External Trade Organization's (JETRO) Yangon office, averred that, Japan has a protective free trade agreement with ASEAN nations, the ASEAN-Japan Comprehensive Economic Partnership. More so, there are also in place several other mutual agreements that place the nation in an advantageous position to gain as China loses.

U Myint Soe, President, Myanmar Garment Manufacturers Association (MGMA), spoke of the immense availability of labour in the country at comparatively cheaper rates to be potential enticements, which could be utilized to draw investments from Japan. But then, he added that, for this purpose they needed to build on the capacity of their workers, as Japanese markets are extremely conscious with respect to quality checking.

Presently, the volume of clothing exports from Myanmar to Japan are on a higher side than compared to exports from Bangladesh to Japan, said Kojima.

As revealed by the Myanmar Garment Manufacturers' Association's data, country's clothing exports to Japan has been on a rise since five years with US $53 million in 2005, which grew to $71 million in 2006, $96 million in 2007, $133 million in 2008 and $149 million in 2009, said Soe.

However, Kojima maintained that, Bangladesh before long would beat Myanmar as new factories are already taking shape in the country. Also, while Bangladesh churns out fabrics on its own, Myanmar need to import a majority of its basic materials.

He further stated that, as per his beliefs Bangladesh would surpass Myanmar as regards exporting to Japan, for another reason and that is, the comparatively higher number of Japanese factories rooted in Bangladesh.

More over, Kojima averred that, although he is unsure of the number of new Japanese-funded factories, which are on their way to Bangladesh. But he is sure that, other than merely orders, there are no new factories planned for Mayanmar.

Soe added that, if private firms can develop new lines and provide apparels of a certain quality, then Mayanmar is likely to receive more opportunities. Currently, there are merely four Japanese-owned firms in Mayanmar, with an additional number of 20 or so firms working towards supplying the Japanese market.

Fibre2Fashion News Desk - India


Must ReadView All

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Alibaba to invest $15 billion in DAMO Academy for research

Textiles | On 17th Oct 2017

Alibaba to invest $15 billion in DAMO Academy for research

Alibaba will invest $15 billion over the next several years in its...

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Marten Alkhagen
Swerea IVF AB

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Yash P. Kotak
Bombay Hemp Company

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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