A Chinese textile group is keen to implement an international textile and apparel manufacturing cluster project in Myanmar and has submitted a proposal for the same.
Costing around US $ 371 million, the cluster, if it gets a go-ahead, is expected to be set up in a major town in Sagaing Region which is an economic hub in Myanmar.
The Ministry of Planning, Finance and Industry (MOPFI) of Myanmar revealed that Eastern Development International (Myanmar) Co. Ltd. (Dongzhan Textile Group), based out of China’s Jiangsu province, has made an unsolicited proposal for the project which, if accepted, would be the first textile-based industrial cluster to be developed in the country.
Eastern Development International (Myanmar) Co. Ltd. was registered in 2018 as a garment manufacturer in Myanmar.
According to the Myanmar Project Bank, the proposed project will comprise two phases on 356.47 acres of land in Sagaing and it’ll involve construction of around 17 garment and textile factories.
Phase I includes 12 new garment factories, knitting units, dyeing and printing facilities, down and feather units and residential buildings for employees.
Phase II will include construction of 5 garment factories, an embroidery factory, a carton factory and a polyester wadding unit.
The construction is expected to complete by 2030 and will create over 20,000 new jobs.
