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Related Keywords: Chinese firm, engaged in manufacturing, Ethiopian government, expansion of textile and garment factory, investment over USD 15 million, Oromia state, Shaoxing Mina Textile Company

Shaoxing Mina Textile Company a Chinese company decides to make investment of over 15 million USD to expand its textile and garment factory at Sebeta Town, Oromia State which upon completion would create 5,000 jobs.

President Dr. Mulatu Teshome in a discussion with Company CEO Chang Jun held last Wednesday, said that the government is keen to support investors engaged in manufacturing industries.

Related Keywords: Bago region, Chinese firm, garment factory, jobs, Lat War, Ministry of Industry in Yedashe Township, Myanmar Investment Commission, rental basis, Sumec Textile, Yaene paper factory

Sumec Textile & Light Co Ltd, the Chinese firm in cooperation with local firm Lat War to take the former Yaene paper factory on rental basis to set up a garment factory which will give jobs to thousands of people in Bago region.
 
The paper factory will be taken on rent from the Ministry of Industry in Yedashe Township, Bago, Dr Khin Maung Aye, the managing director of Lat War Garment Company. This project will involve a total investment of around US$20 million (Ks 19.46 billion).