fbpx

Separate plots planned to establish specialized textile and garment zones in Yangon, Mandalay


Separate land areas are being planned to establish special zones related to textile and garment in Yangon and Mandalay regions, according to the ministry of industry.

The ministry is cooperating with the private sector to implement pilot projects for industry complexes and clusters, a high-ranking official from the ministry.

Union Minister for Industry Khin Maung Cho said plans were underway to adopt a national level textile policy with the help of Germany’s GIZ with the aim of developing Myanmar’s textile industry, boosting investment by inviting foreign trade partners, getting necessary infrastructure, boosting export market and reducing import.

He said national textile policy is part of National Export Strategy-NES. The minister made such remarks during the activities of his ministry in the third year of the government term.

The commerce ministry is taking charge of implementing the NES with 11 sectors. Among those sectors, textile and clothing sector is being implemented by the No (3) Heavy Industries under the ministry of industry by forming a committee.

Therefore, plans are underway to establish specialized textile and garment zones.

Source: Eleven Myanmar

To see the original article click link here

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