Home / Knowledge / News / Apparel/Garments / Guatemalan President inaugurates Apparel Sourcing Show
Guatemalan President inaugurates Apparel Sourcing Show
22
May '13
Guatemalan President Otto Perez Molina, accompanied by Vice President Roxana Baldetti, inaugurated the 22nd edition of the Apparel Sourcing Show in Guatemala City.
 
The three-day event titled ‘Apparel Sourcing Show 2013: Sourcing Closer to Home’, is the window of the apparel industry and textiles of the Central American region and it seeks to promote competitiveness and integration of the industry. The fair is intended to attract new buyers to the Central American region, especially Guatemala.
 
Speaking at the inauguration, President Molina said 41,635 new jobs were created in the Guatemalan economy during the first quarter of the current year, showing a 32 percent rise over 28,311 new employment opportunities created during the same period of last year.
 
The President said it was encouraging that a record 132,302 new jobs were created in 2012, across Guatemala.
 
He announced that an ‘Investment Summit’ will be held on May 30 and 31, 2013, which would be attended by about 200 entrepreneurs keen on investing in Guatemala.
 
He informed that foreign direct investment (FDI) increased by 20 percent year-on-year to US$ 236 million in 2012. He added that FDI is expected to rise by another 15 percent in 2013.
 
Apparel Souring Show, begin held from May 21-23, 2013, is likely to be visited by at least 4,000 buyers, including Guatemalans and foreigners, according to the fair’s president Antonio Malouf.
 
In recent years, the apparel and textile industry in Guatemala has become more dynamic and competitive, and its exports have surpassed traditional items like coffee and sugar to become the leading foreign exchange earning sector for the Central American country.
 
Last year, Guatemala exported 297.3 million pieces of garments valued at US$ 1.189 million.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler
Groz-Beckert

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search