Honduras transforming textile sector

With a $1.5 billion U.S. investment, Honduras’ textile and apparel sector is investing in cutting-edge technologies to help transform the country into one of the world’s major players in the booming synthetic yarn and activewear market. The funds have been used to modernize sewing machines and other equipment, expand industrial parks, improve port and road infrastructure, train workers and build renewable energy facilities with the goal of slashing electricity costs. The goals for the textile sector, one of Honduras2020’s strategic pillars, include increasing annual exports to $7.4 billion and adding 200,000 jobs to the existing 150,000 by 2020.