Despite Myanmar’s textile and garment sector having experienced rapid growth in recent years, its garment exports have declined when compared to its regional neighbours, said CEO Mr. Michael Scherpe of Messe Frankfurt, one of the world’s leading trade fair organisers.
Development of the country’s garments-for-export industry lies with the financial and technological support of the government, added the CEO during a press briefing on the Paris Fashion Show at the Mandalay Sedona Hotel on Wednesday.
Myanmar’s clothing industry has the potential to increasingly grow in the next 10 years but its exports are lower than other countries, said Mr. Michael Scherpe, stressing the need for financial and technological assistance to the sector as FDI alone cannot expand its development.
He expressed his view that Myanmar’s clothing exports are likely to become the best in the European market if European investors can expand their market share.
He suggested that Myanmar upgrade its apparel industry by developing production machinery and design, adding more value to its garment products.
“We want Myanmar’s clothing manufacturers to take part in the Paris Fashion Show which is scheduled to take place in Paris, France’s capital, in February next year.” said Daw Thet Su Hlaing of Messe Frankfurt Myanmar.
She said Messe Frankfurt Myanmar will prepare Myanmar garment manufacturers for the global market. It is required that we focus on how many buyers can be attracted, rather than travel costs to a trade fair, she added.
According to sources, the textile and apparel sector of Myanmar has developed gradually since 2012 while European experts expect Myanmar to become one of the top textile and clothing exporters in the region, given the
properindustry nourishment.
Source: Global New Light of Myanmar
