New business opportunities in Southeast Asia attract Keqiao textile enterprises to invest and set up factories

With its fast-growing manufacturing industry, cheap labor and attractive policies to introduce foreign investment, Myanmar is becoming a popular area for many foreign investment and factory establishments. In order to promote further communication and cooperation between China and Myanmar, the organizer of Myanmar Pathein Industrial City recently came to Keqiao and held a promotion meeting in which more than 100 member companies of the Online Textile City actively participated.

Pathein Industrial City is said to have originated in Myanmar\'s fourth largest city - Pathein City. Pathein City Port is Myanmar\'s premier port. It is an important coastal port outside of Yangon. The industrial city phase covers an area of ​​2,700 hectares and is divided into zone A industrial zone, zone B residential + commercial zone, and the second phase covers an area of ​​6,000 hectares.

\"This time I came to Keqiao.I hope to share Myanmar\'s investment environment with Keqiao textile enterprises, invite Keqiao enterprises to invest and set up factories in Myanmar, and share the results of Myanmar\'s reform and opening up. Industry NE NE HLWAM MOE, vice chairman of the city organizer Aiyawadi Development Co., Ltd. said.

At the promotion meeting, Yang Dalong, the company\'s China business development consultant, also introduced the specific situation of Pathein Industrial City. There is no need to build a factory, and the fact that you can get to work by renting a factory has aroused the interest of many entrepreneurs, and they have asked questions and interacted In addition, it also interprets the benefits of policy support, location advantages, transportation and logistics facilities, and labor resources.

\"Going to Myanmar to set up a factory is also an opportunity for companies to act on it.to pull out. Since I participated in the Myanmar fair last year, I am very optimistic about the market in Myanmar.\" Wang Lihong, deputy general manager of Zhejiang Huida Textile Co., Ltd., told Reporter, the company\'s main business is denim. is a textile company that mainly exports to European and American markets.At present, the factory in Binhai covers an area of ​​50,000 square meters. \"Going to Myanmar to set up a factory is not only cheap labor, but also can enjoy preferential treatment without tariff for garments exported to Europe from the local region.\"

President Yan Liangmin of the China Textile City Chamber of Commerce said that current trade frictions are becoming more and more intense, the Chamber of Commerce will actively respond to the timely movement of the country\'s \"One Belt, One Road\" call, and after stabilizing the domestic inherent market through trtransformation and upgrading, it will boldly explore overseas markets. He also said that besides Myanmar, countries along the \"Belt and Road\" such as Vietnam and Cambodia have large differences in supply and demand in textile machinery, raw materials and fabrics.

\"This event aims to build bridges for Keqiao enterprises, develop business opportunities and provide constructive views to enterprises planning to explore and set up factories in Southeast Asia.\" city ​​said. In recent years, to help textile enterprises explore overseas markets, Textile Net and Online Textile City have carried out the construction of a comprehensive foreign trade service system. Last year, more than 10 activities such as group participation in exhibitions, matchmaking meetings, and self-organized exhibitions were organized.

The person in charge said that Myanmar is an emerging textile development area in which theonline textile city is targeting.During the market inspection,I also felt that Myanmar has very good advantages in terms of labor costs and policy support.For textile companies facing increasing pressure to set up factories in China, it is indeed an effective way to reduce costs reduction and improve efficiency. . Keqiao textile enterprises should take the initiative to seize the opportunities in emerging markets.

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