Despite Myanmar’s textile and garment sector having experienced rapid growth in recent years, its garment exports have declined when compared to its regional neighbours, said Messe Frankfurt, CEO, Michael Scherpe. Development of the country’s garments-for-export industry lies with the financial and technological support of the government, added the CEO.
Myanmar’s clothing industry has the potential of growing in the next 10 years but exports are lower than other countries, said Scherpe, stressing the need for financial and technological assistance to the sector as FDI alone cannot expand development. Myanmar’s clothing exports are likely to become the best in the European market if European investors can expand their market share. He suggested Myanmar upgrade its apparel industry by developing production machinery and design adding more value to its products.
“We want Myanmar’s clothing manufacturers to take part in the Paris Fashion Show which is scheduled to take place in Paris, France’s capital, in February next year.” said Daw Thet Su Hlaing of Messe Frankfurt Myanmar. She said Messe Frankfurt Myanmar will prepare Myanmar garment manufacturers for the global market. It is required that we focus on how many buyers can be attracted, rather than travel costs to a trade fair, she added.
According to sources, Myanmar’s textile and apparel sector has developed gradually since 2012 while European experts expect Myanmar to become one of the top textile and clothing exporters in the region, given the proper industry nourishment.