Home / Knowledge / News / Apparel/Garments / New apparel park brings Haiti on development track

New apparel park brings Haiti on development track

25
Oct '12
The establishment of a US$ 300 million apparel industrial park project in Caracol township to the north of Haiti, about 160 km from the capital, Port-au-Prince, has put Haiti back on development track.
 
Speaking at the inaugural ceremony of the garment park, Haiti's President Michel Martelly announced that the country is once again "open for business".
 
As a part of its efforts to help Haiti get over the devastating effects of the 2010 earthquake, the US Government invested US$ 124 million in the project, which is expected to create thousands of employment opportunities.
 
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.
 
According to Sae-A Trading, the venture would generate around 20,000 permanent job opportunities over the next six years.
 
US Secretary of State Hillary Clinton said such projects facilitate sustainable economic development. She said US has discovered that for long-term growth, Haiti needs more investment and infrastructural support, and not aid. Such investment and infrastructural support would help Haiti to achieve its development goals, she added.
 
Inviting investors to enhance their investments in Haiti, President Martelly said they look forward to extend all possible support to make it easier for people to invest in the country.
 
Former US President Bill Clinton, who is the UN Special Envoy to Haiti, also attended the inaugural ceremony.
 
Haiti, the poorest country in the West, was hit by a severe earthquake in 2010, which devastated it badly.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 21st Feb 2020

France unveils environment score system for apparel

France has launched a system under which apparel may now display a...

Pic: Asia Pacific Rayon

Textiles | On 21st Feb 2020

APR’s new viscose rayon production facility inaugurated

The president of Indonesia, Joko Widodo, has inaugurated Indonesia's...

Pic: II.studio / Shutterstock.com

Fashion | On 21st Feb 2020

Re-commerce gaining momentum in India

The hazards of fashion industry are well-known, and to curb its...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Top executives, Textile Industry

Top executives
Textile Industry

We will move away from mass production to production in micro-factories

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

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

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

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


February 2020

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


Advanced Search