Local garment factories are attempting to export their own branded garments, according to the Myanmar Garment Entrepreneurs Association. Currently, local garment factories export their products with the Cut-Make-Pack (CMP) system. “We are unable to export our products with the Free-On-Board (FOB) system. Currently, we are trying to get tax exemption for the FOB system. “We […]
Myanmar CMP garment exports to touch $2.2bn in 2017
April 3, 2017 by
Cutting, making and packaging (CMP) garment exports from Myanmar are likely to fetch around $2.2 billion this year, as local companies have bagged more number of orders from the EU and Japan, according to Myanmar Garment Entrepreneurs Association. Apparel orders from the EU have especially increased after reinstatement of GSP rights by the EU. In […]
Myanmar’s Garment Sector Booming Due to Lifting of EU Sanctions
March 13, 2017 by
The garment sector in Myanmar has developed because the EU lifted economic sanctions, potentially opening up 100,000 jobs in the garment sector, state media reported quoting the Myanmar Garment Entrepreneurs Association (MGEA). “Previously, there were only 300 garment factories in Myanmar. Now, there are over 400 garment factories in Myanmar thanks to the lifting […]
Myanmar courting global producers
January 12, 2017 by
The Myanmar authorities have sped up efforts in recent months to increase the country’s attractiveness for global manufacturers. The latest move was revealed in September by the Myanmar Investment Commission (MIC) and concerns the move to allow local and foreign investors into industrial zones across the country. This follows requests by companies from Hong Kong […]
Myanmar Expected to Have Earned $2 Bn From Garment Industry
January 3, 2017 by
It is expected that Myanmar could earn about US$ 2 billion from CMP (cutting, making and packaging) garment industry, which is running under a piecework system, in 2016, according to Myanmar Garment Entrepreneurs Association. US$ 1.65 billion was earned in 2015, and over US$ 1.1 billion has been earned between April and November of […]
Efforts to be made to fulfill up to 1million labour requirements in garment sector
October 28, 2016 by
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 […]
HK, South Korea eye clothing factories
September 20, 2016 by
Companies from Hong Kong and South Korea have submitted proposals to establish garment factories and whole industrial zones to the Myanmar Investment Commission. Now the MIC was discussing potential locations with regional governments, said committee secretary Aung Naing Oo. “It is still at the discussion stage. They will enter the country when we are ready. Currently, we are making sure that we can give land to them for factories. They will set up their factories at the places where the government specifies. They are most likely to get land for their factories in Yangon and Bago where there are jetties,” he added. The MIC said it hoped the factories would create job opportunities. “We plan to establish industrial zones […]
Textile and Garment Special Zones to be established
August 8, 2016 by
ARRANGEMENTS will be made to found textile and garment special zones (TGSZs) to manufacture garment products of international quality specifications and to issue certificates to enable the products to enter the international textile and garment market, it has been learned. Effort will also be exerted to attract the attention of foreign investors to the industrial […]
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