Myanmar has the potential to become an emerging manufacturing hub due to its large and low-cost workforce, however it faces several challenges. It has a history of garment production and export prior to sanctions in the 1990s-2000s. While sanctions have been lifted and exports are growing again, Myanmar's factories have low efficiency and productivity and lack experience in FOB production. Improving infrastructure, the banking system, energy supply and factory compliance would help Myanmar realize its manufacturing potential.
India’s textile and clothing (T&C) sector is one of the oldest industries which has been playing a vital role to strengthen the Indian economy. Though the sector has faced a lot of fluctuations in recent times, the solid foundation of the sector is tough to be shattered. Team Apparel Resources prepares a presentation on the same to let the readers know more about Indian T&C sector, its present situation and the future directions.
India’s textile and clothing (T&C) sector is one of the oldest industries which has been playing a vital role to strengthen the Indian economy. Though the sector has faced a lot of fluctuations in recent times, the solid foundation of the sector is tough to be shattered. Team Apparel Resources prepares a presentation on the same to let the readers know more about Indian T&C sector, its present situation and the future directions.
Stone Tan China Textile Industry Report (May 2019)James Wemyss
As the cost and location advantages of Southeast Asian production areas become more apparent, the expansion of Chinese textile enterprises to Vietnam and other Southeast Asian countries has become a trend. How will the trade war affect China’s textile industry? What textile sub-sectors are still growing? What companies are investing in Vietnam?
Stone Tan China Textile Industry Report (May 2019)James Wemyss
As the cost and location advantages of Southeast Asian production areas become more apparent, the expansion of Chinese textile enterprises to Vietnam and other Southeast Asian countries has become a trend. How will the trade war affect China’s textile industry? What textile sub-sectors are still growing? What companies are investing in Vietnam?
Going by the way 2018 has been so far for denim in Vietnam, it will not be a surprise if the country surpasses the export figures of 2017 and becomes the denim leader…
The textile and clothing (T&C) exports from Vietnam are rapidly touching heights. Over the years, it has shown promising growth in the T&C exports and the last year only it surpassed Bangladesh to become the 2nd largest garment exporter in the world after China. Team Apparel Resources has made the presentation for its readers to let them know about the T&C industry of this South East Asian country.
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Ready-made garments inclusion: A study on science and technology park of Extr...Samsul Alam
The ready-made garments (RMG) can have a noteworthy contribution to the economy of a country when it possesses a noticeable application of technology and innovation in its design attractiveness, healthier aspects of body and environment. The primary purpose of this study is to show the relevance of including RMG sector in Science and Technology Park of Extremadura (PCTEx), Spain in Badajoz zone. Based on the study result, it is proposed to include this promising sector in this area that has impact. The conclusion finds that the PCTEx can include the sector in this area that can ensure greater impact in social and financial gain of the economy. The study follows case study method and the results produced based on face to face interview using unstructured open-ended questionnaire. The findings support that if this industry tends to run and is supervised by the PCTEx authority in Badajoz, with the influence of this non-government association, it will flourish with its superior performance and in turn will contribute to the development of the region by creating employment opportunity for a number of unemployed people especially for women and to the country economy as a whole. The availability of low-cost human resources especially high-tech equipment and industry-friendly environment all work behind the motivation of the inclusion of this industry in Badajoz, Spain.
Revolutionize fashion production with cutting-edge apparel manufacturing tech. Streamline processes, enhance efficiency, and elevate quality in every stitch.
Apparel Resources is expert in extensive and transparent reporting on sourcing strategies, textile sustainability, benchmark production practices, global business trends, issues impacting retail.
We at Apparel Resources brings the two worlds of Buyers and Sellers in the Apparel and Textile industry together on a single platform through its vast pool of contemporary, insightful and compelling information. Get all the updates and news of latest fashion trends in India on our website.
Top 10 start ups that are taking india's apparel industry by stormApparel Resources
Start-ups have been receiving insurmountable support not only from the government in India but also investors from across the world. Here's a lowdown on top 10 start-ups making huge waves in the Indian apparel industry!
How brands are reshaping the Indian lingerie industryApparel Resources
The Indian lingerie market has witnessed a stupendous growth and has undergone a transformational change. Let's explore how various innerwear brands are reshaping the industry!
Global Apparel Imports by the USA: January to June 2019Apparel Resources
Bangladesh, Vietnam and India marked double-digit growth in their respective apparel exports to USA in first 6-month period of 2019. Bangladesh’s 14.49 per cent growth was the highest among top 10 apparel exporting countries to USA.
Continuing to explore ‘new’ markets, AO explores New Zealand… Apparel manufacturers in India have grown exponentially doing business with this country, rather sticking to the routine US or EU customers.
Cloud based solutions transforming the merchandising processApparel Resources
The issue introduces the cloud based solutions that are revolutionizing the merchandising process, saving ample amount of resources, money and time resulting in higher efficiency and shorter lead time.
Vietnam: Encouraging female entrepreneurship in the garment & textile ind...Apparel Resources
Women entrepreneurship has been effectively the spine of Vietnam’s garment and textile industry and constitutes 80 per cent of the total 2.4 million workers in garment and textile industry.
As per a World Bank report, though overall female workforce increased by 36%, the women
entrepreneurship in the country, especially in the garment industry, is not very encouraging.
A much needed transition from the mass procurement of street wear and athleisure-inspired styles towards cleaner and more grown-up styles has emerged during the Fall/Winter 2018 season. Functionality and utility are reflected through performance fabrics and workwear-inspired silhouettes across collections, logos and typefaces pose as a recurring element, while nostalgia underplays travel-induced insomnia with landscape prints emerging as a mainstay.
Key trends for the Fall Winter 2018 season see skinny jeans being replaced by crop and flared versions that are accentuated with ornamental patchwork and utilitarian details. Recent seasons have seen details such as frayed hemlines, lighter washes, worn-out textures, embellished surfaces, and dramatic silhouettes replace the long sitting skinny jeans market.
After enjoying a 10-year long commercial stronghold, skin-fit jeans are being replaced by cropped and flared versions that are pronounced with ornamental patchwork and utilitarian details for both the men's and womenswear markets.
RMG industry in Bangladesh has always been the country's backbone. Being the 3rd largest apparel exporter in the world after China and Vietnam, the South Asian apparel manufacturing powerhouse is showing good signs in its global apparel exports. Team Apparel Resources has prepared a presentation to let the readers everything know about Bangladesh's RMG industry.
A marked departure from traditional and stereotypical collections saw a major resurgence of the ’90s streetwear, ’80s 9-to-5 and a more gender-fluid approach to fashion.
Head-to-toe monotones, a new wave of layering techniques and a new-found fascination with silk has brought a certain change in direction to the fore this season.
Is couture still about extravagance and glamour, or are we headed towards a more apparent shift for ready-to-wear collection posing as couture, owing to the increase in the spending power of emerging markets? The latter is brought into perspective in the following analysis...
Shoulders get bigger and jackets get shorter – exaggeration is the name of the game as puffed up sleeves and padded jackets make a comeback. Accentuated midriffs that are tied, knotted, cinched or belted, make a case for robe-like silhouettes through wrap jackets, blazers and dresses. Menswear-inspired garments take centre stage, channelling in a bold, independent ‘boss-babe’ vibe. In a nutshell, Fall/Winter 2017-18 is entirely about expertly executed collections that emphasize skilled craftsmanship that bring about historical references as inspiration for trends to come.
Both understated details and overtly excessive silhouettes translated into great design pieces for the upcoming season of Spring/Summer 2018. Tradition met modernity with a keen emphasis on the décolletage area was teamed up with up techniques that accentuated body-con styles. Details such as the fringe, feather, ruffles and frills revived themselves in tandem with the current times.
AR analyses international runway presentations to decipher the direction partaken on the silhouette and detail front for the upcoming spring season.
Contemporary influences balance alongside a minimalist and sporty attitude mixed with technological fabric developments. DIY, hand-crafted looks invoke nostalgia while innovative technical fabric while transparency presents itself through the art of opacity and clear materials. AR analyses the key material choices that will impact design decisions in Spring/Summer 2018.
The rugged fabric undergoes a facelift with kick flares, boxy silhouettes, oversized sleeves, applique and cuffed hemlines making a major comeback. Double denim coordinates make a modern statement and workwear inspired styles make a comeback. AR analyses the key trend directions set to influence the denim category in 2018.
The sourcing for apparel retailers have never been so diverse. A lot of changes have been taking place in the global garment industry. Production is moving away from China. Vietnam and Bangladesh are being developed strongly but still the wage bomb is ticking anyway at these locations too. Ethiopia is one such nation which is absorbing this shift confidently and becoming active garment manufacturing destination.
Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
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HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
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India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
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3. Economic
Data
Population
Surface Area
Workforce
GDP Growth
T&C Exports
2017 Total Export
Minimum Wage
54 million
676,578 square kilometres
340,000 (90% are women and
working age group is 18-27 years)
- 0.62% of total population
8.1% (US $ 68 billion)
3.5% of total GDP
US $ 14 billion (Apparel export:
US $ 2.7 billion)
US $ 88 (after recent hike of 33%)
166 million
130,170 square kilometres
4.5 million (median age is 26
years) - 3.70% of total population
7.6% (US $ 285 billion)
12.3% of total GDP
US $ 35 billion (Apparel export:
US $ 29.21 billion)
US $ 68
102 million
11,04,300 square kilometres
37,000
8% (US $ 80 billion)
5% of total GDP
US $ 3.17 billion (Apparel export:
US $ 68 million)
US $ 55
4. US imported apparels worth US $ 400 million from Myanmar before it
imposed sanctions in 2003, which is followed by EU at US $ 335
million. The total apparel export of Myanmar was US $ 817 million
before the US imposed sanctions.
Despite sanctions imposed in 1996 by EU, apparel exports from
Myanmar grew from US $ 94.1 million in 1997 to US $ 457 million in
2004.
But, since 2004, apparel exports from Myanmar declined by 60% as
some US buyers stopped buying altogether and some EU buyers
were afraid of boycott campaigns by consumers, stimulated by US
sanctions of 2003.
Scenario of Myanmar's Export — Pre and Post Embargo
5. After the sanctions were lifted, apparel exports from
Myanmar to US reached US $ 135 million in 2017 out of
the total export of US $ 2.7 billion by Myanmar.
However, export has still not picked up because of the
unstable policies of US banking system which is expected
to be free in November 2018; also the GSP benefits have
been accorded to the country only recently in April 2018.
Apparel Exports After US
Sanctions were Lifted
6. In April 2013, the EU also lifted
sanctions against Myanmar (except
for arms and armaments) and
accorded them GSP benefits.
EU apparel import now stands at nearly
US $ 1.27 billion (47%) of the total
garment export of Myanmar (US $ 2.7
billion) in 2017.
Apparel Exports After EU Sanctions were Lifted
7. Myanmar exports to Japan valued at US $ 729 million in 2017, while export value to
South Korea stood at US $ 324 million. Both the countries are 2nd and 3rd largest
apparel importers of Myanmar respectively after EU.
Export Value in
Million, Japan,
729
Export Value in
Million, Korea,
324
Japan Korea
US $ 729 million
US $ 324 million
Major Apparel Importers of Myanmar After EU
8. While knit products were the focus of
export pre-embargo, during
post-embargo, the focus of export
shifted to woven products mainly to
Japan and South Korea.
Knit Versus Woven
9. EU JAPAN SOUTH KOREA US
Around 47% of the country's CMP products were exported to EU in 2017. Japan and South Korea
accounted for 27% and 12% respectively. The share of US was around 5% in overall garment
exports by Myanmar.
Major Markets
10. Export value in billion
US $ 1.7
billion
US $ 2.1
billion
US $ 2.7
billion
US $ 10
billion
Myanmar Garment Exports
11. Type of Business: Cut-Make-Pack (CMP)
The banking system is virtually non-existent in the country with few private banks restricted to
only accepting deposits. An unstable foreign currency exchange rate has led to a scenario where
all documentation and paperwork need to be organised either by the buyer/client or through
domestic/regional agents.
Due to lack of local textile mills and not so developed supply chain, all input materials which
include fabrics, threads, buttons, zips, labels, linings and even the packaging are imported and
have to be provided by the buyer/client.
The local factory is thus restricted to assembling the predesigned article, packaging it and
exporting it and hence these are just small operations called ‘workshops’.
12. Major Product Categories and Facts
All types of jackets, men’s shirts and coats,
women’s overcoats, capes and wind jackets
80% of garment manufacturing dominated
by woven products and 20% by knit
products 80% 20%
13. As on 31st July 2018, the total number of registered
factories in Myanmar were 506.*
Whereas, in 2016, the total number of factories existing in the
country were 430 and the bifurcation of those are as follows: 9
SOEs, 2 joint ventures with Myanmar textile industry, 34
joint ventures with private companies, 224 FDI companies
and 161 local companies. Only 20% were really local
companies according to Myanmar Garment Manufacturers
Association (MGMA).
Number of Factories
*The list of 500 exporters/manufacturers is available at apparelresources.com
14. Leading Foreign Investors
With over 55% FDI, 25% FDI is from China, 17% from Hong Kong, 29% from South Korea,
12% from Japan and the remaining 17% are from others.
55% FDI
25% CHINA
17% HONG KONG
29% SOUTH
KOREA
12% JAPAN
17% OTHERS
15. Some Leading International Companies in Myanmar
Nadia Pacific Apparel Co., Ltd. (South Korea):
The company majorly produces down and padding jackets,
woven shirts and pants with an annual production capacity of
1.08 million pieces.
Atsumi Myanmar (Japan): Manufacturer of foundation
garments, panties, nightwear, sportswear, swimwear, camisoles
with an annual production capacity of over 7.50 lakh products.
They have 6 production lines.
GFT Enterprise Co., Ltd. (Japan): Manufacturer of
men’s and boy’s apparels and furnishings. The company has
400 workers working across 4 production lines.
16. Some Local Companies in Myanmar (Export Turnover)
Tri Sea Garment Manufacturing Co., Ltd.:
Manufacturer of polo shirts, panties, knitwear, maternity
wears and jackets. They have 750+ machines, 1200 workers
and are one of the few garment manufacturers in Myanmar
capable of producing Japanese products.
Eurogate Sportswear Ltd.: Manufacturer of outdoor
jackets, down jackets and coats with an annual production
capacity of 3 million pieces. They have 2,400 workers across
24 sewing lines.
Maple Garment Factory: Manufacturer of pants,
woven items, kidswear, coats and wool jackets. Their MOQ is
5,000 pieces and has over 900 workers.
17. Major Ports
Myanmar has a total of 9 well-connected ports in the country. Following are the 3
major ports vital in connecting the world’s most dynamic economies:
Asia World Port (in Yangon) - 436,936 TEU
Myanmar International Terminal Thilawa Port (in
Thilawa) - 140,000 TEU
Myanmar Industrial Port (in Yangon) - 40,000 TEU
18. Major Industrial Zones
Yangon: 200 garment factories, skilled workers and better electricity supply
Thilawa: Lot of investment from Hong Kong. This is a 2,400 hectare special
economic zone that is 25 km from Yangon and 50 km from airport
Pathein: Skilled workers and low land cost
Bago: More than half a dozen garment factories with 50-year leases
possible for foreign investors wishing to set up factories
Hpa-An: 1 garment factory already established and 6 garment factories
under construction. Low labour cost. Also, ASEAN East-West
Highway in 2015, which will connect Hpa-An with Mae Sot in
Thailand significantly faster and travel time to Thailand will reduce
from 6 to 2 hours
Mandalay: Hundreds of workshops and small factories that produce and dye
cotton textiles. Additionally, there are several cotton ginning factories
19. Trade Relationships of Myanmar
EU-Myanmar: Myanmar, as a least developed
country, benefits from the most
favourable regime available under
the EU's Generalised Scheme of
Preferences (GSP).
EU-ASEAN: Myanmar is a member of ASEAN.
Actively included in discussions on
trade and investment issues.
USA: USA has re-established USAID
mission, thereby easing economic
sanctions.
20. Challenges in Garment Production
Factory efficiency and productivity need to be improved.
Factories must switch from the Cut-Make-Pack (CMP) system to
Free on Board (FOB).
Most of the factories are still not BSCI certified.
All fabrics and trims are imported.
21. Strengths
Excellent workmanship:
Quality workmanship and experience in
making complex products
Market experience:
Experience of working previously for
Japan and Korean markets
Easy availability of labour:
The country has huge pool of cheap labour
Competitive lead times:
Aligning technology with business strategy leads to
a high performance industry and an integrated
service provision shortens lead times
Well-connected roads and ports:
Government has unveiled plans to construct
34,400 km of roads over the next two decades.
Work is expected to focus on the country’s
economic hubs of Yangon, Mandalay, Bagan and
Pyay
22. Weaknesses
Highly restricted banking sector:
Lot of FDI companies are reluctant due to the
non-existent banking system
Low efficiency and productivity:
Most of the garment companies have been facing the
concern of low efficiency and productivity
High land price:
Land prices are not only high but also erratic
and keep fluctuating often
Power shortage:
There are too many instances of power cuts in
Myanmar and there has been no effort to control it.
Lack of experience in FOB:
Lack of textile knowledge and sourcing skills
required for FOB and full package export
Lack of compliance in many factories:
Majority of locally owned garment makers are not certified by
internationally recognised standards or guidelines
Less knowledge of EU market:
Most of the factories have never worked with
any European brands
Tourism taking away lot of workforce:
According to Asian Development Bank, tourism
revenues grew by 19% last year as inbound traffic
increased, totalling US $ 2.1 billion
23. Opportunities
Removal of international
sanction and improving trade
relations
Industrial zones offering
incentives for foreign
investment
Garment sector is a priority
sector for Government
International commitment to
assist Myanmar in technology
and production training
25. Prominent Associations and Organisations
Myanmar Garment Manufacturers Association, 6th Floor, 29, Min Ye
Kyaw Zwa Rd, UMFCCI Tower, Ward (8), LMDW, Yangon, Ahlone
Township, Myanmar. Role: Provides valuable technical training services
and helps in finding business opportunities.
Union of Myanmar Federation of Chambers of Commerce and
Industry, No. 29, Min Ye Kyaw Swar Road, Lanmadaw Township, Yangon,
Myanmar. Role: UMFCCI supports the business communities by sharing
knowledge, expertise and opportunities and provides services like training,
business facilitation, conducting trade fairs, etc.
Smart Myanmar, 11th Floor UMFCCI Tower, 29, Min Ye Kyaw Swar Street,
Lanmadaw Township, Yangon, Myanmar. Role: The project actively
supports sustainable consumption and production of garments ‘Made in
Myanmar’ – a concept with emphasis on resource efficiency and social
responsibility. Shwe Job, launched by Smart Myanmar, is a Myanmar
language educational app that teaches factory workers and managers
about occupational safety & health and provides information on the
country’s labour laws.