Home / Knowledge / News / Apparel/Garments / Garment & textile park to boost Haitian economy
Garment & textile park to boost Haitian economy
15
Sep '12
Haitian economy is all set to get a boost due to setting up of the country’s biggest garment and textile industrial park. 
 
The park, being constructed by Sae-A Trading Co. Ltd., one of the leading South Korean garment manufacturers, will produce apparels from Haiti-made fabrics, which would further reduce the dependence on imported raw materials and would also lessen the cost of production in the country.
 
The Caracol industrial park, coming up in northern Haiti, with an investment of US$ 224 million, would initially create 20,000 employment opportunities.
 
It is expected to fuel more investment in Haitian textile sector, which employed more than 100,000 people in early 1980s. By 2009, however, there were mere 23 textile and garment manufacturers employing around 25,000 workers.
 
At present, garment manufacturing remains Haiti’s largest manufacturing sector, and accounts for over 80 percent of Haitian exports to the US, valued at more than US$ 500 million.
 
Since the new industrial park is coming up in the northern part of Haiti, it is expected to accelerate growth, as most of the existing garment factories in Haiti are situated in Port-au-Prince, in the country’s western part.
 

Fibre2fashion News Desk - India


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search