Chinese investors eye Myanmar’s garment sector

 

Lot of Chinese investors have expressed their interest to invest big in apparel production in Myanmar. The Ayeyarwady Development Public Co Ltd. (ADPC) is all set to build an industrial park in the port city of Pathein to promote garment industry in the city.

The company has also entered into a contract with Hong Kong-based China Textile Network Co Ltd., according to which the latter intends to set up 50 garment factories in Pathein in next 2 years.

The recently signed agreement between ADPC and the Chinese firm said that 50 factories will be built on an area spanning 200 acres in the industrial city of Pathein.

 

 

 

0219/apparelresources/050119//MKMA7

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