Ethiopia plans to set up enterprise linking cotton producers and textile industries

As the number of companies engaged in the textile industry has been increasing, the Ethiopian Textiles Industry Development Institute plans to set up a national enterprise that will help create linkage between cotton producers and textile industries.

Institute Director-General, Sileshi Lemma, said that the Enterprise will have the mandate to purchase, sell and store raw cotton. It is aimed at addressing challenges related to shortage of raw material supply.

This will help realize the country’s plan to make the nation a preferable destination for textile companies.

The country cultivates cotton on more than 125,000 hectares of land to meet the increasing demand for cotton which reaches over 100,000 tons, he said.

According to Sileshi, 18 new factories and 7 expansions are expected to commence operation this year. In addition to this, 10 garment factories have already finalized preparation to be operational this year.

The country foresees to earn 435 million USD from the industry this fiscal year by improving capability of industries, increasing input supply and skilled labour. It the nation manages to achieve the set target, the revenue would increase by USD 323 million compared to that of the previous year.

Recent Posts

University of Copenhagen develops nanofibre patch for psoriasis treatment

Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…

9 hours ago

Clothing 2.0, The Marena Group to revolutionize medical garments

Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…

9 hours ago

Polartec expands eco-friendly weather protection fabrics

Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…

9 hours ago

Uncaged Innovations partners to launch leather alternative

Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.

1 day ago

Rudolf enhances digital pigment printing

Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…

1 day ago

Aquafil Group unveils sustainable yarns

Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…

1 day ago