NICARAGUA: Investment forum to include apparel focus

Published by Just-Style

Aug. 5, 2011 - Nicaragua's strengths as a sourcing destination and the opportunities for foreign investment in the apparel and footwear sector will come under the spotlight later this month at a special event taking place in the capital Managua.

The investment forum, titled 'Nicaragua, Let's Grow Together!' will showcase the country's sustainable growth in various economic sectors and its competitive advantages for foreign direct investment (FDI).

The event will take place from 16-18 August, and as well as apparel and footwear will cover food processing and manufacturing, as well as bilingual business process outsourcing (BPO) services. Participants are expected from Asia, Europe, North, Central and South America.

Topics under discussion include an overview of Nicaragua's industrial sector, market access, investment incentives, offshoring guidelines, latest industry trends and the country's most profitable investment opportunities.

The programme will also include networking activities as well as site visits to successful and leading foreign investment projects operating in the country.

"Nicaragua's pro-business policies, attractive fiscal incentives, skilled labour force, competitive cost structure and continuous government support have proven to be the ideal combination for companies seeking to develop their investment projects," said Javier Chamorro Rubiales, executive director of ProNicaragua.

According to a recent report, Nicaragua represents the "most competitive" sourcing option for a number of apparel products, even when compared to Asian countries like China, Vietnam and Bangladesh.

The country also beat its projected textile and apparel exports in the first quarter of 2011, up 23.3% on the same period of 2010 to reach just over US$272m.

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