Insight Into Investment Direction And Potential Of Burma Market

The global textile network organization, Milan overseas Chinese Entrepreneurs Association, Shaoxing small and medium textile enterprises promotion association, China Textile City Taizhou chamber of Commerce, and "Keqiao textile", "Yusheng textile", "Fujian Shaoxing textile", "three Chuan textile" and so on, Keqiao entrepreneurs more than 30 people went to Burma to investigate and see the direction of investment.

In recent years, China and Myanmar have been committed to building the "Sino Burmese economic corridor". Since 2017, Naypyidaw and Burma have proposed to build a "human shaped" economic Burmese economic corridor, creating a grand pattern of cooperation with three pillars and three pillars.

In December last year, the presidential palace of Burma issued a circular announcing the establishment and implementation of the "one belt and one road" steering committee to jointly promote the construction of China Burma economic corridor. In the same year, the chairman of the Burma Investment Committee, Wu Dun Tun, took part in the "belt and road" Summit Forum held in Hongkong, and promoted 5 large-scale projects of China Myanmar economic corridor to the world, including the development of Yangon new town, Yangon Irrawaddy project, bas Sheng Industrial City, new Mandalay Holiday City, Mandalay Miao Da Industrial Park and Mu Jie central business district.

On this trip to Burma, the global textile network enterprise group first came to Burma, one of the 5 major projects. It is understood that the park is located in the city of Irrawaddy, the capital of Irrawaddy, Burma. It is an industrial park dominated by garments, textiles and light industries. It is also the first professional industrial park in Burma, which is co operated by the global textile network and the Irrawaddy Public Development Corporation. It can meet the high efficiency investment and entrepreneurial environment, low cost economic benefits and international working environment in the textile industry.

Subsequently, the global textile network enterprise group came to Yangon to investigate the local professional market and textile and garment enterprises, and held talks and discussions with the Burma Chinese enterprises chamber of Commerce.

"On the one hand, since the trade friction between China and the United States, the tariffs on foreign trade have been rising. On the other hand, environmental protection requirements and labor costs are also increasing. So where can we reduce costs and find business opportunities? Burma is undoubtedly the most potential market in Southeast Asia." A Keqiao entrepreneur said frankly that through this investigation, he found that the "Sheng Sheng Industrial City" has the advantages of "no need to build factories and rent factories to start up". With the full support of the local government, excellent location, complete supporting facilities and ample labor force in the region, it will become a new gathering area of Burma's textile and garment processing, printing and dyeing industries, attracting more and more Chinese textile enterprises to invest.