Hong Kong and China will operate garment enterprises under Cutting, Making and Packing –CMP system at industrial zones in Yangon, the commercial hub of Myanmar, according to the Directorate of Investment and Companies Administration-DICA.
China-based Shanghai Donglong Feather
Manufacture Company has cooperated with Dong Long (Myanmar) Garment
company to carry out garment enterprises at Hlaingthayar Industrial
Zone-4, Jiangsu Solamoda Garments Group at Shwe Than Lwin Industrial
Zone in Hlaingthayar Township, and Hong Kong-based Kamtex Limited
forming a joint venture with Myanamr Sein Pann Garment Manufacturing
Company at Industrial Zone-1 in Dagon Myothit (South) respectively.
Moreover, China-based Dong Fang Star
Garment Factory will cooperate with Nexstar Garment Manufacturing
Company at Hlaingthayar Industrial Zone-1 and Hong Kong based AMG
Factory and Archid Garment Factory Limited at Shwe Lin Pan Industrial.
“International companies are eyeing
Myanmar’s market due to business reform. The US and EU countries have
already demanded our garment and they are penetrating to garment
enterprises with full investments at industrial zones,’’ said a
businessman from Hlaingthayar industrial zone.
Japan and Korea are also high demand in
local garment industry and the garment’s orders from European and the US
are increased due to EU’s Generalized System of Preferences-GSP system,
according to Garment entrepreneurs’ reports.
source: Eleven Myanmar
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