Chinese group wants to transform northern Myanmar into textile producing hub

A Chinese textile group is proposing to create an international textile manufacturing cluster in the north of Myanmar, namely in Sagaing city just 20 kilometers southwest of Mandalay.

China’s Dongzhan Textile Group through its unit Eastern Development International (Myanmar) Co. Ltd. made the proposal for the project which would involve an investment of $370 million and set up the first such cluster in the country, according to The Irrawaddy.

The choice fell on Sagaing city as textile manufacturing is one of its leading industries there, while the surrounding Sagaing region is home to a number of the country’s major state-owned textile factories.

The proposed project would comprise two phases at an estimated total cost of $371 million stretching over some 144 hectares and involve construction of a total of 17 garment-related factories, an international textile market and other related infrastructure, including residential buildings for employees, in a time span of ten years, the report said, adding that the project is expected to create around 20,000 new jobs.

Other private investors considered

Under the proposal, the new industrial cluster would be linked with other existing textile factories across the Sagaing region.

However, the regional government said it would also consider other foreign and local investors for the project and would start a respective bidding round “to choose the most qualified one based on their financial capability and their work experience track record, among other things.”



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

A Chinese textile group is proposing to create an international textile manufacturing cluster in the north of Myanmar, namely in Sagaing city just 20 kilometers southwest of Mandalay. China’s Dongzhan Textile Group through its unit Eastern Development International (Myanmar) Co. Ltd. made the proposal for the project which would involve an investment of $370 million and set up the first such cluster in the country, according to The Irrawaddy. The choice fell on Sagaing city as textile manufacturing is one of its leading industries there, while the surrounding Sagaing region is home to a number of the country’s major state-owned...

A Chinese textile group is proposing to create an international textile manufacturing cluster in the north of Myanmar, namely in Sagaing city just 20 kilometers southwest of Mandalay.

China’s Dongzhan Textile Group through its unit Eastern Development International (Myanmar) Co. Ltd. made the proposal for the project which would involve an investment of $370 million and set up the first such cluster in the country, according to The Irrawaddy.

The choice fell on Sagaing city as textile manufacturing is one of its leading industries there, while the surrounding Sagaing region is home to a number of the country’s major state-owned textile factories.

The proposed project would comprise two phases at an estimated total cost of $371 million stretching over some 144 hectares and involve construction of a total of 17 garment-related factories, an international textile market and other related infrastructure, including residential buildings for employees, in a time span of ten years, the report said, adding that the project is expected to create around 20,000 new jobs.

Other private investors considered

Under the proposal, the new industrial cluster would be linked with other existing textile factories across the Sagaing region.

However, the regional government said it would also consider other foreign and local investors for the project and would start a respective bidding round “to choose the most qualified one based on their financial capability and their work experience track record, among other things.”



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply