Burma'S Garment Industry Will Develop Rapidly In The Next Five Years.

according to

Monitoring agencies predict that with the lifting of the economic sanctions imposed on the Burmese economy by western countries, the international garment enterprises will have a strong interest in investing in Burma. Burma's garment industry will develop rapidly in the next five years. It is estimated that the export volume of Burma garment industry will reach US $12 billion in 2020, with 1 million 500 thousand employees.

Although it still exists at present

Shortage, insufficient power supply and high infrastructure construction cost, but Burma's good economic prospects are important factors to attract foreign investment into the garment industry.

Reported that the garment factory is mainly located in Yangon, only in 2015 a year to create.

200 thousand.

Some economists believe that Burma is in a long-term trade deficit, so garment processing industry is very important to promote Burma's economic development.

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Russia's light industrial production costs have been equal to the cost in China, so many Russian light industrial producers have begun to move their production lines back to Russia.

Ye J Tu Hoff, Vice Minister of Russia's Ministry of industry and trade, said in an interview that Russia's production cost has been flat with China as a whole, and in some cases even cheaper 10-15%.

The newspaper quoted Ye J Tu Hoff as saying: "the main factor is the decline in Russian production costs due to the ruble depreciation.

Labor and indirect spending have become much cheaper than the cost of production in our neighbours. "

According to him, the wages of Chinese textile mill workers have increased two times over the past ten years, and have reached the income of workers in Russia.

Another factor, Ye J Tu Hoff argues, is that countries with low manufacturing costs have begun to break away from cheap technology, and the price of productive forces has risen, so the prices of products are also rising.

Pite Mars Kaya, vice president of Rozteh, a Russian lingerie retailer, said the company is preparing to double production in Russia to 8 million pieces a year.

Previously, the company mainly ordered products from China and the Baltic States.

Akiba Love, the representative of Sportmaster, told the press: "local production has become more interesting and price competitive."

The company now produces 15% of its clothing and shoes in Russia.

But some Russian textile representatives did not plan to move the production line back to China.

Retailers pointed out that local production risks include Russia's lack of raw materials.

Ely Daroff, chairman of the Russian textile association, told the press: "Russia's production costs have been flat with China."

He also said that in some cases it might be 10% cheaper.

So foreign and Russian retailers began to shift their production lines from China to Russia.