Labour costs 80% cheaper in Myanmar

14/03/2014
A dozen textile manufacturers in China, represented by Hong Kong-based entrepreneur Felix Chung, are reported to have agreed to set up production in a new industrial park close to Rangoon, the former capital of Myanmar.

Mr Chung has been quoted in media in China as saying he has agreement from the manufacturers, each of whom will invest between $2 million and $3 million in the new venture. He said one of the main attractions for these investors is that labour costs will be around 80% cheaper than current levels in mainland China.

He said construction work should begin midway through 2015 and production start before the end of next year.