Nicaragua'S Duty-Free Export Area Has Great Potential In Textile And Garment Industry.

According to the Nicaragua government's 2016 policy plan, the Nicaragua state duty free export area Corporation (ZNCF) needs to attract 100 manufacturers to invest in the region.

Up to 265 goals.

Nicaragua's presidential investment representative, lvaro Baltodano, said there were 200 manufacturers in the region. This goal should be reached. But the Nicaragua central bank statistics show that there are only 161 manufacturers in the region.

In addition, there are 112500 direct job opportunities and 337500 indirect job opportunities to be added to the above plans. The B representative said that this is a 5 year target, with the target growth of 10% in 2016. The Central Bank of Nicaragua has counted 109834 employees in October 2015.

Nicaragua

The Promotion Bureau (ProNicaragua) said that in order to achieve the above goals, the board will convene 40 investment briefings at home and abroad in 2016 to publicize the niche of the tax-free zone. The textile and garment industry still has room for growth, but will also focus on other industries such as auto parts, footwear and disposable medical supplies.

The Textile Industry Association (Anitec) said that the Nigerian labor force is adequate, and investment should be directed towards solving the problem of mass production, such as training technicians, electricians and technical improvements.

Nicaragua has a workforce of about 3 million 200 thousand people, of whom only 800 thousand are officially employed.

In addition, the duty free export area of Nicaragua exported 2 billion 293 million US dollars in 2015, a decrease of 2.1% compared with 2 billion 343 million US dollars in 2014.

Nicaragua central bank data show that from January 2015 to October, the export of Nicaragua's duty-free export area ranked first, followed by automobile distribution, cigarettes, aquatic products, footwear and so on.

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According to the latest statistics, the total output of cotton in India is estimated at 6 million 96 thousand tons in 2015, which is 327 thousand tons lower than that in 2014.

From 2002 to 2007, cotton production in India increased from 2 million 308 thousand tons to 5 million 378 thousand tons, nearly doubled.

After 2007, cotton production in India has been maintained at a level of more than 5 million 879 thousand tons.

India's cotton growing area ranks third in the world.

The main cotton producing areas in India are concentrated in the rainwater irrigated areas of Maharashtra, central Pang, Gujarat Bong, Orissa, etc. in the central region, the output of Karnataka, Andhra Pradesh and Tamil Nadu in the southern region accounts for 30% of the total cotton output in India; the artificial irrigated areas such as Punjab, harya and Rajasthan in the northern region account for 15% of the total cotton output in India.

With the continuous renovation of cotton planting technology in India, the cotton yield per unit in India increased from 269 pounds per mu to 515 pounds per mu between 2002 and 2013.

At the same time, the expansion of pgenic cotton, improvement of cotton varieties, improvement of crop management and favorable weather conditions have greatly promoted cotton production in India.

In recent years, the technology of India's textile industry has been improving continuously, laying the foundation for the continuous expansion of India's textile industry.

It is understood that the output value of India's textile and garment industry accounts for 14% of India's total industrial output value, accounting for 17% of India's total exports, accounting for 4% of the gross domestic product, and providing direct employment of over 35 million people and indirect employment exceeding 55 million.

Agriculture and textile industry have become the largest pillar industries in India.

Cotton consumption in India is expected to increase to 5 million 552 thousand tons in 2016.