Myanmar Investment Commission has granted permission for the establishment of five new garment factories in Yangon’s industrial zones which are expected to create more than 6,000 local job opportunities, state media reported on 4 September.
Four of the five factories will operate under foreign direct investment and one will beby citizen investment. They will operate under the cut-make-pack (CMP) system. The new plants will be constructed in the industrial zones of Hlaingthaya, Shwepyitha and Hmawbi.
Around 350,000 locals are currently employed in the country’s textile industry.