Insight into Investment Wind Global Textile Network Organize Enterprise Group to Successfully Carry out Myanmar Investigation

Release time:

2019-06-24

From June 15 to 19, the Global Textile Network organized more than 30 entrepreneurs from Keqiao, including Milan Overseas Chinese Entrepreneurs Association, Shaoxing Small and Medium-sized Textile Enterprises Promotion Association, China Textile City Taizhou Chamber of Commerce and Bingli Textile, Yousheng Textile, Minshao Textile, Sanchuan Textile and other entrepreneurs, to visit Myanmar's Bosheng Industrial City and Yangon's professional markets. During the on-site visits and exchanges, the delegation gained insight into the direction of Myanmar's investment.

Entering Burma's Bosheng Industrial City

In recent years, China and Myanmar have been committed to the construction of the "China-Myanmar Economic Corridor". In 2017, Chinese Foreign Minister Wang Yi proposed to build a "herringbone" China-Myanmar Economic Corridor in Naypyidaw, Myanmar, to create a three-end support, A three-legged cooperation pattern.

On December 7, 2018, the Presidential Office of Myanmar issued a notice announcing the establishment of a steering committee for the implementation of the "Belt and Road" to jointly promote the construction of the China-Myanmar Economic Corridor. In the same year, Wu Dang Tun, Chairman of the Myanmar Investment Commission, led a delegation to participate in the 3rd "Belt and Road" Summit Forum held in Hong Kong,Introduce five large-scale projects of China-Myanmar Economic Corridor to the world, including the development of Yangon New City, Yangon-Irrawaddy Project, Bosheng Industrial City, New Mandalay Resort City, Mandalay Muda Industrial Park and Mujie Central Business District.

During this visit to Myanmar, the global textile network enterprise group first came to Myanmar's Bosheng Industrial City, one of the five major projects.

Bosheng Textile and Garment Industrial Park is located in Bosheng City, the capital of Irrawaddy Province, Myanmar. It is an industrial park focusing on clothing, textiles, and light industry. It is also the first in Myanmar to cooperate with Global Textile Network and Irrawaddy Public Development Company. A professional industrial park can meet the high-efficiency investment and entrepreneurial environment, low-cost economic benefits and international working and living environment of the textile industry. Only 5 minutes drive from the city, the geographical position is superior.

The first phase of 200 acres is planned to be an industrial area that can solve 100000 labor. It will become a new gathering area for Myanmar's textile and garment processing, printing and dyeing industries. With its convenient feature of "no need to build a factory, rent a factory to start construction", the Industrial City has attracted many Chinese textile companies to invest. In addition, the Ayrawaddy Provincial Government fully supports, has excellent location, complete supporting facilities, and attractive The advantages of land prices, sufficient labor in the region, and a complete training service system have also made it a popular project for investment in Myanmar.

Entering Yangon Professional Market

Since then, the global textile network enterprise group came to Yangon to inspect the local professional market and textile and garment enterprises. He also had a meeting and discussion with the Myanmar Chamber of Commerce of Chinese Enterprises.

China and the United States have started a trade war, foreign trade tariffs have risen sharply, and business is becoming more and more difficult! Environmental protection requirements, labor costs, tariffs rise, textile enterprises where to reduce costs, looking for business opportunities?

Myanmar is undoubtedly the most potential Southeast Asian market at present. To learn more about Myanmar's investment situation, please consult the global textile network customer service hotline/hotline: 400-119-0123