Myanmar Investment Commission has granted permission for the establishment of five garment factories in Yangon’s industrial zones which are expected to create more than 6,000 local job opportunities.
Four of the five factories will operate under foreign direct investment and one will be by citizen investment. They will operate under the cut-make-pack (CMP) system. The new plants will be constructed in the industrial zones of Hlaingthaya, Shwepyitha and Hmawby.
The clothing industry is becoming increasingly popular among other export items, with local authorities planning to develop a garment zone in the country to boost the manufacturing of raw materials and finished goods, packaging and export process.
Around 350,000 locals are employing in the country’s textile industry. The garment sector tops the list of government priorities in terms of boosting trade.