The Leading Star of Textile & Garment Industry in Growing Age.
News Type: Expo News
The 7th Myanmar International Textile & Garment Industry Exhibition (MTG) concurrent with Myanmar International Textile & Apparel Accessories Exhibition (MitaTex), organized by Yorkers Trade & Marketing Service Co., Ltd., Myanmar Garment Manufacturers Association (MGMA) and Myanmar Textile Manufacturers’ Association (MTMA), officially supported by Republic of the Union of Myanmar Federation of Chambers of Commerce & Industry (U.M.F.C.C.I.) will be held from December 6 to 9 at the brand new venue Yangon Convention Center (YCC), which is the largest and the most modern Exhibition & Convention center compound with Inya Lake Hotel.
Advanced Machinery and Industrial Hub in One Stop
MTG 2018 will gather more than 130 top brands from 13 countries and regions listed as follows: China, Czech Republic, Germany, Hong Kong, India, Japan, Korea, Malaysia, Myanmar, Singapore, Taiwan, Thailand and Vietnam occupying 7,000 sq.m gross. The famous exhibiting brands include Tajima, Northphenix, Hooray and Richpeace will display their latest Embroidery Machine. AMF, Bedoly, Ching Sung, Juki, Kam Full, Kingtex, Toboyo, YINWEI and Zoje will showcase the advanced Sewing Machine. Kuris and Saloon will demonstrate the up to date Flat Knitting Machine. Mimaki will exhibit the Printing Machine; BOK will present the textile CAD system. Bealead, Han Band and Li Sheng will introduce the solutions for your manufacturing process. Furthermore, it will be the inaugural launch of Korean Textile Center to meet with Myanmar market by MTG platform.
Taiwan Sewing Machinery Association (TSMA) will lead several Taiwan enterprises to form a Taiwan Pavilion, such as Kingtex, SAGA, Dotec, Kenlen, SHAN TSAE, CHING SUNG, TRIUMPH, GREAT KNIVES, TSO TA and GUANG TAYI.
Integrated Events with TAJIMA, MTMA and MGMA
MTG is committed to build a well-connected and efficient communication platform for domestic market. This year, the organizer has made joint efforts with TAJIMA, MGMA and MTMA, presenting a series of Fringe Programme to enhance the industrial interaction. Tajima, as a leading brand of embroidery sector, will hold a seminar-Tajima new generation “SAI” Model, sharing the latest machinery knowledge and technique. MTMA, the fresh association in textile area will discuss about FDI View on Myanmar Textile Industry and Market, bring the market analysis in outsider opinion. Further, MTMA will reveal the Business Matchmaking Event as well as Smart Factory Awards Dinner will be arranged by MGMA scheduled on the third day of MTG, both events aim to strengthen the potential cooperation between exhibitors and buyers.
The Current CMP Industry and Forecast of Myanmar’s Economy
The garment industry in Myanmar has more than 400 garment factories and over 400,000 employees earning at least $2.2 billion from foreign market a year. In 2017, EU raises the order after the reinstatement of Generalised Scheme of Preferences (GSP) rights to Myanmar and become the top market of garment export than it was Japan, garment sector has moved to the third largest export item of Myanmar.
According to the report launched by Asian Development Bank recently, Myanmar`s GDP is expected to grow by 6.8% in 2018 and by 7.2% in 2019. The reasons that Myanmar`s economy is expected to stay on a steady growth path over the next two years are because of the supporting of economic reforms and the strong global growth. In addition, the new companies law, approved in last December and set to be implemented by August 2018, will allow oversea investors to hold up to 35% of shares in a domestic firm, while the company will still be designated as a local operator. Analytics believe that the improved investment climate will encourage stronger FDI inflows in 2018, and help foster the investment into more sectors of local economy. Within these outcomes exceed the global expectation, Garment Industry has been estimated to reach out $3 billion of export very soon.
Gearing Up to Get the Latest Show Information and Benefited from E-Registration
The organizer has integrated the self-developed E-registration and membership system for MTG 2018, which can reach the users’ habit of local market and improve the exhibition value as being an industrial platform. For a better visiting experience and saving the waiting time on-site, visitors are suggested to apply the E-registration on the MTG Official Website. The completion of E-registration will benefit from receiving instant news of MTG 2018 and the service package provided for visiting buyers.
For E-Registration and More Information, please visit https://www.myanmar-expo.com/MTG/.