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Ethiopia shows potential to become African textile, apparel hub

Related Keywords: diversifying exports, export of industrial outputs, focused on strategic sectors, from primarily agriculture based economy, globally competition, Government of Ethiopia, make its manufacturing sector, move towards industrialization, structural transformation of Ethiopia economy, textile and garment manufacturing, than raw agricultural products

The government of Ethiopia to make its manufacturing sector globally competition has been keen on diversifying exports with priorities focused on strategic sectors like textile and garment manufacturing in the move towards industrialization from a primarily agriculture based economy. The effort is part of the structural transformation of Ethiopia's economy to exports of industrial outputs rather than raw agricultural products.

Ethiopian Bole Lemi Industrial Zone remains the center of interest for PVH

Related Keywords: 10 investment prerequisite, American clothin compnay, Bole Lemi Industrial Zone, Federal Investment Commission, Government of Ethiopia, Phillips-Van Heusen Corporation, PVH, ready-made industrial park, Textile Industries Development Institute, Tommy Hilfiger

Phillips-Van Heusen (PVH) Corporation - a giant American clothing company and owner of the Tommy Hilfiger, Calvin Klein and Heritage brands after visiting Ethiopia has put forward 10 investment prerequisite to the Government of Ethiopia (GoE).

The prerequisites include consideration of tax incentives, logistics issues, priority for electricity power and getting a ready-made industrial park, according to sources.

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