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Chinese garment firms eye Myanmar as low-cost hub
27 Jun '16
3 min read
To allow maximum flexibility for foreign investors, the Myanmar Investment Commission (MIC) allows 100 per cent FDI in setting up textile and garment factories in the country. Among Myanmar's garment exporters, large factories are either wholly foreign-owned or operating through joint-venture (JV) agreements between local and foreign companies, most of which come from the Chinese mainland, Hong Kong, Japan, Korea, and Taiwan. While most of the small factories are locally owned, medium-size factories are locally owned or operated through JV. (SH)
Fibre2Fashion News Desk – India
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