Myanmar garment entrepreneurs and Tema textile group of Turkey have launched the cutting, manufacturing and packaging (CMP) operation in Yangon to boost production line using local factories, the local weekly Myanmar Time reported Monday.
The cooperative process started on last Wednesday, the report said.
The Tema group, largest textile retailer in Turkey, has set a target of producing 1.25 million clothing in the first half of 2010 as the first phase of the operation.
The operation will cost about 6.75 million U.S. dollars, the report quoted the group's purchasing director Mr. Edward said, adding that the group will send raw textiles from Shanghai to Yangon by shipping and the accessories by land transport and provide designs and technical support to local manufactures, Xinhua reported.
The report quoted MGMA estimation that Turkey will become Myanmar's third biggest garment exporting country after this development which also encourage the recovery of Myanmar garment industry as the manufacturing downsized since last year's global economic downturn.
Garment export to Turkey fetched over 10 million dollars in 2008 and it is expected to increase to nearly 100 million dollars in next year, the report said.
Myanmar garment export hit 385 million U.S. dollars in 2008 up from 350 million dollars in 2007, statistic showed.
Japan takes up one third of Myanmar's garment export standing as Myanmar's largest garment exporting country, followed by England, Germany and Spain, according to statistics.
Myanmar garments have obtained markets in South Korea, Brazil, Argentina, South Africa and Turkey, reports said.