Myanmar SUMEC Win Win Garments Co. Ltd, Myanmar’s largest garments exporter and a subsidiary of SUMEC Textile and Light Industry Co. in China, recently opened a new factory in Shwe Pyi Thar industrial zone in Yangon. More Chinese firms are now investing in Myanmar with its economy opening up, Chinese ambassador Hong Liang said at the inaugural function.
The new factory is designed to host 50 production lines — 40 operational at present — with the annual capacity to produce 4 million pieces of garments. The company's yearly capacity can be upgraded to 10 million pieces, raising its export to $100 million, according to a Chinese news agency report.
Preferential policies and a vast labour market offer Myanmar a great advantage in the textiles and garment sector and the new factory will create more jobs and contribute to thecountry's economic growth, U Aung Htoo, deputy minister for commerce said. (DS)
Source Fibre2Fashion News Desk – India