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Related Keywords: aims to become major sourcing hub, attractive destinations, cotton, Ethiopia fastest growing economies, five day mission, foreign investment, global textile and garment industry, high level of Ethiopian delegation, in India, led by Mr. Bogale Feleke, Ministry of Industry, promote investment, State Minister, textile and apparel sector

Ethiopia is one of Africa’s fastest growing economies and one of the region’s most attractive destinations for foreign investment which aims to become a major sourcing hub for the global textile and garment industry within the next decade. A high level of Ethiopian delegation led by the honourable Mr. Bogale Feleke, State Minister, Ministry of Industry, is in India for a five-day mission to promote investment in his country’s cotton, textiles and apparel sector.

Related Keywords: Apparel Industries, cities around the country, double or triple capacity, expand their Indian operations, foreign investment, hub of indian yarn, huge factories, Indian economy, Multinational companies, outside investors, rupee surging, spurring business expaniesion, start new ones, Textile Industry, Tiruppur

Multinational companies are looking to expand their Indian operations or start new ones as the stock market and rupee are surging. The growth in India's economy, long a laggard, just matched China's pace in recent months.

India is emerging as one of the few hopes for global growth, as other big developing markets stumble. China's economy is slowing. Brazil is struggling as commodity prices plunge. Russia, facing Western sanctions and weak oil revenue, is headed into a recession.

Related Keywords: benefit from TTP, EM apparel supplier, foreign investment, global apparel export market share, NAFTA, research report, Standard Chartered Bank, US market, Vietnam apparel industry, Vietnam to overtake Bangladesh

Vietnam apparel industry to benefit from Trans Pacific Partership agreement (TPP) according to a research report by Standard Chartered Bank. A wave of foreign investment in Vietnam’s textile industry has already begun, ahead of a potential TPP deal. On this basis, Vietnam likely to overtake Bangladesh in the global apparel export market share to become the second-biggest EM apparel supplier after China when its apparel exports swells to US$115 billion.