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Orders for Myanmar-made garments reflect upward trend
15
Dec '10
This year there has been a considerable rise in the quantum of orders for Myanmar's domestically prepared readymade garments from Japan, South Korea and Germany. This rise is mainly attributable to the cheap availability of labour in Myanmar.

Rising demand for the Myanmar-made garments from rival countries has induced the consumers in Germany to pay higher prices for these items.

Germany is, currently, paying higher price for its orders, or else all the factories would divert their focus to the orders from South Korea.

Germany has been importing a major share of these garments made in Myanmar since a long time.

Initially, South Korea used to import garments from North Korea, but the tense situation prevailing between the two nations has provided a great opportunity for Myanmar to cash on by sourcing the former's demand.

Rise in the orders from South Korea has greatly boosted the business of several traders in Myanmar.

Myanmar is in a much advantageous position as compared to its neighbouring countries because of the large scale availability of low-priced labour in the country, with some of the factories paying wages as low as $100 per month, particularly in Yangon.

But then the county is also facing the problem of poor and irregular power supply.

Fibre2fashion News Desk - India


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