According to information from the Investment and Export Promotion Agency (Rediex) of the Ministry of Industry and Commerce of Paraguay, strengthening the international competitiveness of Paraguay’s textile and garment industry is an established policy of the Paraguayan government, with a total project funding of US$204,962. In 2020, the government will provide subsidies of US$102,772 to five domestic textile and garment companies to increase the working capital of the industry, accounting for 50.1%; and another US$102,190 for mentoring programs, accounting for 49.9%.
More details on the government’s guidance, assisting Paraguay Vro Pasdfssdfsrdo SRL company to export gourmet uniforms, assisting Kasdfssdfslos SA leather goods company to increase its market share in the United States, and assisting Leed Company Obtain relevant international certifications, assist Indopasdfssdfsr SA in the market entry of high value-added products, assist Wemasdfssdfssasdfssdfs SA in discussing the company’s business strategy for 2021, and assist Morenas Toro in the birth of the e-commerce platform.
The government assists and coaches domestic textile and garment enterprises, while also increasing domestic direct and indirect job opportunities. Taking the assistance of the above five enterprises as an example, Rediex at least assists 437 job opportunities will be added, of which 3/5 are direct employment opportunities and 2/5 are indirect employment opportunities. In addition, 80% of the increased direct employment opportunities benefited women.
In addition, the above-mentioned five companies have increased their foreign exchange income by at least US$3.8 million since 2020, and hope to expand their business territory again through government financing channels. </p
