GARMENT SOURCING MYANMAR 2018
A Glance at Myanmar Garment & Textile Industry:
Myanmar’s clothing industry is predicted to grow significantly in the coming years, according to a report in the latest issue of Global Apparel Markets from the business information company Textiles Intelligence.
The Myanmar government has published a strategy for the textile and garment industry as part of a document, titled National Export Strategy 2015-2019. The report pushed the industry to move from operating on a cutting, making and packaging (CMP) basis to operating on an FOB (free-on-board) basis; increase volume; improve quality; produce a greater volume of knitted products.
There are a slew of measures that needs to be taken for further growth, like the industry will need modern machinery, raw materials, skilled labour, social and environmental certification, energy sources that are reliable, a logistics infrastructure and a financing system which runs smoothly.
Currently, Myanmar has the lowest minimum wage and average payout when compared with key garment hubs like China, Thailand, Cambodia, Vietnam and India, but very close in comparison to the corresponding rates in Bangladesh. Competitive pricing is one of the key factors governing business decisions in the garment industry and, as labor costs contribute about 15% to 20% of the total garment cost, will directly help Myanmar to edge out other garment manufacturing hubs.
- On the buying side: Customers, buyers, private label manufacturers, sourcing agencies, retailers or any other type of company looking for factories in the region to place garment production orders.
- On the sourcing side: Garment producers / manufacturers
Shell Scheme: Schell Scheme 6sqm: 700 USD
Rear and dividing wall partition of 2.5m height in white laminated panel
Fascia board with company name and booth number
Needle punch carpet
1 x information counter
2 x folding chair
1 x waste paper basket
1 x 13 amp/ 230 volt single phase power point
2 x 40W fluorescent tube
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- Free market visit tour
- Free seminar attendance
- Free entry badge and opening ceremony invitation
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