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Related Keywords: apparel, attract top international firms, domestic, ease in entry, Ethiopian textile sector, Garments, global market, Hawassa Industrial Park, join middle income status, making all efforts, paves the way for nation, preferable gateway, productions of textile, step into industrialization, textile sector would benefit large number of people

Ethiopian textile sector is a preferable gateway to step into industrialization because of the ease in entry and it is making all efforts to attract top international firms. The textile sector would benefit large number of people and paves the way for nation to join middle income status in the very near future.

Related Keywords: began yarn production, Ethiopian textile sector, Indian Kanoria Chemicals and Industries, Kanoria African Textile Plc, meet denim fabric demand, plant in Bishoftu, potential for investment, start denim fabric manufacturing

Kanoria African Textiles Plc, a subsidiary of India's Kanoria Chemicals & Industries in preparation to start denim fabric manufacturing in May 2015 at its plant in Bishoftu (Debre Zeit) in Oromia has began yarn production last week.

Related Keywords: American investors, Ethiopian textile sector

Western investors engaged in textile and garment sector are found being pulled toward Ethiopia to make investment in their textile and garment sector mainly due to the stable and conducive investment environment.

During President Mulatu Teshome meeting with the American investors engaged in textile and garments sector, he said that American investors should take advantage of the investment opportunity as Ethiopia is most appropriate for textile and garment production with over three million hectares of land cultivating cotton.

Related Keywords: Ethiopian textile sector

The Ethiopian textile and garment sector is under growing pressure to expand more rapidly with the Ethiopian Government setting ambitious goals for the industry. According to the Textile Industry Development Institute during the first half of the current budget year Ethiopia has secured over US$ 60 million revenue from export of textiles and garment. The revenue achieved exceeds the previous year's performance by US$ 15 million.