For nearly a decade Myanmar has been off the global sourcing networks owing to economic sanctions imposed by a number of countries. However, most of these sanctions have now been removed and Foreign Direct Investment (FDI) in the garment industry has grown at an impressive rate. In the wake of these investments, UK-based market analysis agency Textiles Intelligence, has recently published a research report titled ‘Myanmar: Re-emergence as a Global Clothing Exporter’. The report predicts that the country could be more than quadruple the size of its economy between 2010 and 2030. Subsequently, the value of Myanmar’s garment exports and the number of jobs in the garment industry will surge. In order to plan for such expansion, Myanmar Government has published a textile and garment industry sector strategy which includes plans to increase production volume, to improve quality and to develop design expertise.
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This independently researched report looks at the development of the textile and clothing industry in Myanmar, its size and structure, and production of fibres, textiles and clothing. The report also features a wealth of information pertaining to garment and manufacturing equipment in Myanmar; companies sourcing from Myanmar; Myanmar’s clothing exports and export strategy; the domestic market; and Foreign Direct Investment (FDI) and domestic investment. Other contents of the report include an analysis of how Myanmar’s infrastructure, employment, labour costs, education and training affect the textile and clothing industry; profile of Prosperity Knitwear Myanmar; and forecasts of the future prospects of Myanmar’s textile and clothing industry.
