2020: Export Of Burma Garment Industry Will Reach US $12 Billion.

According to Burma media, according to international

It is predicted that in the next four years, the export of garment industry in Burma will reach US $12 billion.

In 2014, the industry generated foreign exchange earnings of US $1 million 500 thousand.

It is estimated that by 2020, the number of workers in the industry will reach 1 million 500 thousand. In 2015 alone, the garment industry could create more than 200 thousand jobs.

international

Interested in entering the Burma market, H&M, GAP and other enterprises have set up factories in Burma.

With the lifting of economic sanctions against Burma by the western countries, the clothing industry attracted a steady increase in foreign investment.

Economists say Burma has long been in trade deficit.

Industry is crucial to the promotion of Burma's economic development.

At present, the shortage of skilled workers, inadequate power supply and higher cost of building commercial infrastructure are the main factors that impede the development of the industry.