A textile and garment industry exhibition will take place in Myanmar from June 26 to 29. The event will showcase products and technologies from 98 exhibitors and 16 countries and promote information exchange between manufacturers, buyers, traders and distributors in the country’s garment sector.

Among the exhibits are machinery and accessories, spinning machines, processing machines, weaving machines, embroidery equipment, knitting machinery, cutting and laying machines, ironing and steaming equipment, sewing machines and parts, and accessories like zippers, buttons, labels, belts and buckles, needles and thread.

As one of the world’s fastest growing markets, while situated between the world’s most populous states—China and India—Myanmar has tremendous potential for investors. The country tripled its foreign direct investment between 2010 and 2014, and has lower workforce costs than neighboring manufacturing powerhouse Thailand, indicating Myanmar is an attractive business spot for regional and global manufacturers.

Hong Kong-based Yorkers Trade & Marketing Services will organise the international fair with the support of the Myanmar Garment Manufacturers Association and the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry. The Myanmar Investment Commission this month granted five foreign companies permits to establish clothing manufacturing businesses in the country.