India has offered to help in revival of 300 apparel factories in Myanmar. During his meeting with the Myanmar President, U Thein Sein in Nay Pyi Taw on Friday, the Union Minister of Commerce, Industry and Textiles, Anand Sharma also offered five million US Dollars Line of Credit for revival of these factories. A press release said that the South India Textile Research Association (SITRA) will provide technical assistance in formulation of revival plans for these factories. Private Sector companies will play a big role in revival and building joint ventures with these closed apparel factories. He said, a delegation comprising the experts, officials and businessmen, will visit Myanmar within two weeks. He said, India will also cooperate with Myanmar in formulating a common compliance code for standards and also the best practices in the factories. Mr Anand Sharma was on a three-day visit to Myanmar to strengthen trade relations between the two countries.
News On AIR | June 9, 2013 9:16 PM
India offers help for revival of 300 apparel factories in Myanmar