Related Keywords: Clothing industry of Myanmar, FDI in garment industry, free trade or preferential trade status to clothing industry, garment export could rise, growing at impressive pace, improve quality, million jobs in garment industry, produce a greater volume of knitted products, set to grow significantly, strategy for the textile and garment industry
Myanmar’s clothing industry is set to grow significantly in the coming years, it is predicted that that there could be up to 1.5 million jobs in the garment industry by 2020 compared with approximately 230,000 in mid-2015, and that garment exports could rise from US$1.5 million in 2014 to as much as US$12 billion in 2020, according to a report in the latest issue of Global Apparel Markets from the business information company Textiles Intelligence.
