By Susana Lima

The presidential delegate for investment Alvaro Baltodano, said the company might restart operations this year thanks to three potential buyers of the textile company.

With an investment of 100 million dollars, the International Textile Group (ITG) began Cone Denim operations in 2008, but was closed in 2009 due to the small market that resulted from the international economic crisis of that time, which left nearly 700 unemployed people in Nicaragua.

Baltodano stressed: We are working for its opening, this guarantee must be given by the investors who will analyze the feasibility of return, we have three to four companies involved, remember that it is an investment of more than 100 million U.S. dollars and there are U.S capital, Asian and South American stakeholders.

During a meeting with a delegation of officials from Thailand, Baltodano explains that possible investments in tourism and agriculture industry of the country where discussed, without offering further explanation of the agreements reached.

The persons leading the conference where, ProNicaragua investment promoter and son of President Daniel Ortega, Laureano Ortega and Valdrach Jaentschke, Vice Minister of Foreign Affairs.

The Asian commission was led by Deputy Foreign Minister of Thailand, Jullapong Nonsrichai and Suvat Chirapant, appointed Ambassador of Thailand to Nicaragua.

For this year, Baltodano calculated about more than $ 1.000 billion in foreign direct investment (FDI) in contrast to the $ 900 million earned in 2011. An extension of the contracts is also planned, with five thousand new jobs available in the textile sector will increase from 95 thousand to 100 thousand direct jobs.

During 2012, they will also increase the base workers’ salary in EPZs. Currently, their salary is between 3.400 and 3.500 córdobas monthly.