The union minister for industry has said that 127 acres of land in No.1 Garment Factory located in Shwe Taung, Bago Region, will be transformed into a Specialized Textile and Garment Zone (STGZ).
Khin Maung Cho, said the ministry will invite potential local and foreign investors to develop the zone to manufacture high quality products.
There will be two phases for the project. As part of the first phase, the ministry is working with a Japanese company to do a feasibility study. The second phase will involve the development of 127 acres of land into STGZ.
The union ministry expects that more jobs will be created for local people living in Shaw Taung areas which could help develop the economy.
Lack of infrastructure such as a port and power, skilled labor and high rent fees for leasing land are the major challenges in the development of Myanmar’s textile sector, Myint Soe, the chairman for the Myanmar Garment Association, said. The sector still needs foreign investment, he said.
Source: Eleven Myanmar
