BURMA: Project to encourage new garment factories
The vice-chair of the Myanmar Garment Manufacturers Association has welcomed a government initiative to encourage foreign clothing and textile clothing investment in his country.
Speaking to just-style after the European Union (EU) earlier this week lifted remaining sanctions against Burma/Myanmar, Dr Aung Win said the government is currently planning a fast track registration and development service.
"Everything foreign investors need will be in the one place; it will be a one-stop service. So if a foreign investor wants to open a factory, all they'll have to do is go there," he said.
Dr Aung said the unit would centralise all administrative services involved in approving and setting up a factory, such as obtaining an ownership license. A branch of Myanmar's Foreign Investment Commission will work from the unit, which will be located in Yangon's South Dagon township.
One particular benefit, he argued, is that "locally owned private companies aren't doing anything significant to attract foreign investment," adding: "Foreign companies are better than local ones because they have money and better technology."
Meanwhile, Dr Aung complained that Myanmar clothing and textile exporters were still hampered by their country remaining excluded from the EU's low duty GSP (generalised system of preferences) for least developed countries.
He also noted that Myanmar has too few skilled workers and will have to focus on cutting, making and processing rather than full-scale outsourcing.
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