Apparel Online India Magazine February 1st Issue 2019 | Page 54

BEYOND INDIA APPAREL RESOURCES NEWSLETTERS FACEBOOK FRIENDS To subscribe, send us an email at [email protected] Join more than 10,000 people who are already fans of Apparel Resources on facebook. Search for Apparel Resources at https://www.facebook.com/apparelresources/ Myanmar seeks investment in textiles in Chin state Government of Myanmar has sought investment in textiles in its state of Chin that borders India and Bangladesh. Meanwhile, several foreign companies have started closely working with Chin weavers so as to produce fabrics to be exported. Turquoise Mountain, a UK-based organisation, in its endeavour to work with the weavers of Chin state, recently held a workshop in the state capital of Hakha. The workshop focused majorly on colour and raw materials, which the company feels are significant to open up higher value markets. The organisation UK-based non- government organisation Turquoise Mountain has already started working with weavers in Chin State. It has also established a central ‘cut and sew’ workshop in Yangon that focuses on product development and quality control. also recently set up a central ‘cut and sew’ workshop in Yangon. In addition to keeping the important part of the value chain within Myanmar, the workshop focuses more on product development and quality control. It is important to note that UK’s Department for International Development through its DaNa facility has been partly financing the organisation’s work with the textile sector of Chin state. The Government, however, has called for more foreign investment into the state of Chin. In 2017, another UK company Kalinko too worked closely with the Chin weavers to produce high-quality products. Chinese investors eye Myanmar's garment sector; here's why 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 two 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. Chinese interest towards the city arises from the fact that 54 Apparel Online India | land prices in Pathein are half of those in Yangon. Besides, the industrial city also has the ability to ship directly to Singapore. “The agreement could see Chinese companies invest around US $ 100 million in the industrial park to set up garment factories,” FEBRUARY 1-15, 2019 | www.apparelresources.com further corroborated U San Khun, Vice Secretary General, Chinese Textile and Garment Association in Myanmar.