Chinese entrepreneurs plan to expand the garment industry in the industrial zones in Yangon. Currently, Myanmar’s textile industry is rapidly growing as entrepreneurs from Japan, China, South Korea and Taiwan have opened several joint-venture garment factories in the country and the number of garment factories in the country has crossed 400. In 2016, the garment sector created 350,000 jobs, with female workers representing 90 per cent of the total workforce.

The garment industry has long been practicing Cut-Make-Pack (CMP) system for over 20 years. But it is not in a position to shift from the CMP system to the FOB system due to lack of infrastructure, transparency in banking system, information and investment power. In 2017-2018 FY, export earnings from CMP garment sector hit $2.58 billion. It is one of the top export items with Japan and European countries being the top importers.