Efforts to be made to fulfill up to 1million labour requirements in garment sector

The concerted efforts will be exerted to fulfill the requirements of labour force in garment sector, it is learnt from garment enterprise.

The garment sector is likely to grow five times more than its current status and employ between 300,000 and 1 million labourers by 2024, officials said. Exports from the garment sector earned nearly US$1.7billion last year.

The entrepreneurs who are engaged in the garment sector are making a concerted effort so that the garment export value reaches US$10billion by 2024. Japan, Europe and South Korea are the main export markets of Myanmar’s garment enterprises. The garment export could possibly penetrate America’s market, said U Soe Thaw, a garment entrepreneur.

There are over 400 garment businessmen in the Myanmar Garment Entrepreneurs Association. The awareness campaigns concerning the rules and regulations of the garment enterprise re being carried out.

Myanmar’s garment sector is expected to earn US$2billion in this fiscal year 2016-2017.

Source: Global New Light of Myanmar

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

Looking for foreign investors to invest in your business in Myanmar