5 Garment Factories per Month Opening in Myanmar -average size 1000 workers

The garment sector in Myanmar has developed because the EU lifted economic sanctions, potentially opening up 100,000 jobs in the garment sector, state media reported quoting the Myanmar Garment Entrepreneurs Association (MGEA), according to a report by Mizzima

“Previously, there were only 300 garment factories in Myanmar. Now, there are over 400 garment factories in Myanmar thanks to the lifting of economic sanctions,” Dr. Khin Maung Aye, chairman of MGEA was reported as saying.

Currently, five garment factories are being opened per month. And, there are 1,000 employees working per factory according to the MGEA.

The EU ended Myanmar economic sanctions during the incumbent government period in October 2016.

With Lifting of Sanctions By USA, GE Hints At More Projects In Myanmar

“The U.S. administration has clearly made a decision that reflects confidence in the Myanmar government as it transitions into a modern democracy,” said Wouter Van Wersch, President and CEO of GE ASEAN. “We applaud the Myanmar government in what they have achieved to earn the removal of these sanctions, and it serves as a testament to the great progress the country has made.”