Myanmar Investment Commission has granted permission to companies from China, Hong Kong, and Taiwan to do business in local CMP garment industry with 100% foreign investments, according to official data.
A Hong Kong-based company and local
B&N Garment Myanmar Company have been permitted to do their garment
businesses in Hlaing Tharyar Industrial Zone (2) in Yangon Region.
Taiwan-based companies such as Melody Global and Sunny Shoes Inc are
allowed to do manufacturing of footwear and outdoor sports products in
Bago Industrial Zone in Bago Region. And China-based SDI Manufacturing
was allowed to do its garment business in Ngwe Pinlel Industrial Zone in
Yangon.
As a joint-venture, Singapore-based
Slita Pte Ltd has joined hands with Myanmar's Lita Myanmar Company and
Myint Myat Htut Khaung International to do CMP garment manufacturing in
Shwe Lin Pann Industrial Zone in Yangon, according to official
information from Directorate of Investment and Company Administration.
Also permitted are China-based companies
such as Shanghai Donglong Feather Manufacture Company, Jiangsu Solamoda
Garments Group, and Hong Kong-based AMG Factory.
The country’s garment exports made
record earnings with over $300 million in the period from January to
March in the first quarter of this year, according to official data from
Myanmar Garment Manufacturers Association (MGMA).
source: Eleven Myanmar
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