Chinese firm proposes building garment cluster in Myanmar

Davida Erdahl

China’s Japanese Development International (Myanmar) Co. Ltd. underneath the Dongzhan Textile Group has submitted a proposal to apply a textile producing cluster challenge in a town in Myanmar’s Sagaing town, an financial hub, at an expected charge of around $370 million, according to the latter’s ministry of organizing, finance and sector (MOPFI).

In accordance to Myanmar’s directorate of investment decision and organization administration, the organization was registered in 2018 as a maker of readymade clothes. Both administrators of the organization are Chinese citizens and it is wholly-owned by foreigners.

Sagaing town is dwelling to a variety of major state-owned textile factories. The Sagaing location borders India and its overall economy is largely dependent on trade with the neighbour.

The Myanmar Challenge Bank explained the proposed challenge will comprise two phases at an approximated whole charge of $371.40 million on 356.47 acres in Sagaing owned by No. three Major Industries Business,

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