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Related Keywords: disclosed foreign currency, Ethiopia earned USD 31.2 million, Ethiopian Textile Industry Development Institute, expansion of cotton farming, generated from textile sector, government encouraging foreign investors, HDM has installed its factory in Hawassa, over last three months, steadily growing, textile and garment export

The Ethiopian Textile Industry Development Institute disclosed that the foreign currency generated from the textile sector has been steadily growing. Over the last three months Ethiopia has earned USD 31.2 million from textile and garment export.

The Ethiopian textile products have entered into Germany, Italy, China and United States through AGOA stated Institute Communication Directorate Director Bantihun Gessesse.

Related Keywords: 000 assistance, dedicated to local training, enhancement of textile industry development, Ethiopian enterprises, Ethiopian Textile Industry Development Institute, includes Euros 200, Italian trade agency, Italy Ethiopia textile technology center project, key beneficiaries, signed cooperation agreement, technology and equipment, various initiatives

The Ethiopian Textile Industry Development Institute for the enhancement of textile industry development signed a cooperation agreement with the Italian Trade Agency. The agreement includes Euros 200,000 assistance for technology and equipment dedicated to local training.

General Director of Ethiopian Textile Industry Development Institute Seleshi Lemma said that the assistance will help to improve its capability through training and technology.

Related Keywords: ACIMIT, ACITF, Ethiopia emerging production hub, Ethiopian Textile Industry Development Institute, feature delegation of Italian textile machinery manufacturers, global textile and garments industry, Italian pavilion, Multi-industry Addis Chamber International Trade Fair, organized by the ICE Agency, take place in Addis Ababa, technology centre

At the upcoming 21st edition of multi-industry Addis Chamber International Trade Fair (ACITF), that will take place in Addis Ababa during the month of February will feature a delegation of Italian textile machinery manufacturers at the Italian pavilion organized by the ICE-Agency.

Given the necessary upgrade in technology required, the demand for textile machinery is growing consequently, sustained by incentive schemes enacted by the government authorities to attract foreign capital, ACIMIT, the Association of Italian Textile Machinery Manufacturers, reports.

Related Keywords: business administrative issues of larger companies, Ethiopian textile and apparel sector, Ethiopian Textile Industry Development Institute, failure to expand market, in past nine months, investment project failure to commence production, low quality and quantity, show significant decline, slip due to low performance, textile export earning

In Ethiopian textile and apparel sector, presently there are 60 companies, out of which 32 are foreign companies are operating. In the past nine months the Ethiopia’s textile export earning has shown significant decline by generating only USD 65 million against the set target of USD110 million for the period.

Commenting on the issue Taddese Haile, State Minister for Industry, said that the slip was because of low performance, failure to expand market and business administrative issues of larger companies.

Related Keywords: Ethiopian Textile and Garment Manufacturers Association, Ethiopian Textile Industry Development Institute, ETIDI, facing shortage of raw cotton, import pest resistant improved cotton variety, increasing number of textile industries, permission for the importation

The Ethiopian Textile Industry Development Institute (ETIDI) on Thursday said that the country’s textile industry is presently facing shortage of raw cotton, to address the problem it has been decided to import pest resistant improved cotton variety.

Sileshi Lemma, Director General of ETIDI, said that a study meant to address the shortage has been conducted and importing improved variety was taken as a solution.

The country has already approved a proclamation which offers permission for the importation of cotton variety.

Related Keywords: bring in foreign investors, buyers, Cotton Made in Africa, display potential in textile and garment sector, engaged in cotton, Ethiopia to host, Ethiopian Textile Industry Development Institute, held in Addis Ababa, International conference on African textile industry, stakeholders, support sustainability of the growth, tailoring, Textile

International conference on African textile industry to be held in Addis Ababa for three days starting from October 19, 2015, which will give an opportunity for the country to display the potential it has in the textile and garment sector and bring in foreign investors and buyers as well.

The participants at the conference will be investors engaged in cotton, textile, tailoring and stakeholders that support the sustainability of the growth of the sector, a press release issued by Ethiopian Textile Industry Development Institute stated.

Related Keywords: by more than half, Ethiopian Textile Industry Development Institute, fails to achieve export and production targets, major challenge low production of cotton, raise in export revenue, set in first Growth and Transformation plan, textile factories

The Ethiopian Textile Industry Development Institute (ETIDI) fails to achieve its export and production targets by more than half. It planned to export a billion dollars worth of products but managed only 456 million dollars. It also targeted 2.5 billion dollars in gross value of products (GVP) but achieved only 1.2 billion dollars. ETIDI has had an unsuccessful five-year period with its first Growth & Transformation Plan (GTP I).