The Potential of Nicaragua's Industrial Sector

The union has projected growth of 4.4% in 2017 and is counting on attract more foreign investors to partner up with local entrepreneurs to promote the development of industrial activity.

Friday, September 23, 2016

More foreign investment, better use of chains that already exist, such as in the food industry, and reducing the cost of energy are elements that will enhance the development of the Nicaraguan industrial sector, which expects to close 2016 with growth of 3.8%.

Juan Carlos Amador, executive director of the Chamber of Industries of Nicaragua (Cadin), said "... Nicaragua's industrial sector has been very dynamic in recent years. This is true, because even though the industry grew by 5% in 2014,  it went down 1% in 2015, due to several external factors. 'This is due to the international crisis due to the end of the TPL (a tariff benefit enjoyed by the country for ten years). Let us remember that the industry is a sector which is highly sensitive to international crises'."

Elnuevodiario.com.ni reports that   "... according to Amador, one of the most important aspects in the industrial sector is its potential."The industry has very significant potential that is not yet being realised. We have very important chains such as meat, have the food industry, which is one that has the greatest potential for exports to the Central American region.'"

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