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Ethiopian industrial parks attract renowned global textile producers

Related Keywords: Africa textile and apparel production setting, Africas manufacturing hub, attract renowned export oriented foreign companies, Ethiopian three industrial parks, Foreign direct investment, Growth and Transformation Plan, Hawassa, located in southern and northern Ethiopia, Mekelle and Kombolcha, textile and apparel exporter

Ethiopia’s three industrial parks, Hawassa, Mekelle and Kombolcha, located in southern and northern Ethiopia built as part of its efforts to become Africa’s manufacturing hub have started to attract renowned export-oriented foreign companies to Africa’s textile and apparel production setting.

The Chinese-built Hawassa park, some 275 km south of the capital Addis Ababa, considered as Ethiopian flagship industrial park has already started bringing in hard currency. Among the companies that have started their production on its premises is the Hong Kong-based TAL Apparel.

Ethiopian textile sector turning into priority area for investment

Related Keywords: ample manufacturing opportunities, Bangladesh of Africa, Ethiopian textile industry, Growth and Transformation Plan, largest manufacturing industry, lion share of employment, priority areas for investment, production of textile and garments, spinning, weaving and finishing of textiles

The textile industry is the largest manufacturing industry in Ethiopia. There are a number of state-owned and private textile and garment factories. The industry contributes the lion-share of employment in the manufacturing sub-sector. Ethiopia is rightly christened as the ‘Bangladesh of Africa’.

Under the Growth and Transformation Plan, “production of textile and garments” besides leather products, cement industry, metal and engineering, chemical, pharmaceuticals and agro-processing are priority areas for investment.

Etur Textile all set to export its product in Europe and American markets

Related Keywords: cotton, Etur Textile, Growth and Transformation Plan, in Ethiopia, in Europena and American markets, largest textile factory, shortage of raw material, start exporting products, to Algeria and Morocco, trial exports, Turkish textile manufacturer

Etur Textile, the Turkish textile manufacturer operating one of the largest textile factories in Ethiopia having conducted successful trial exports to Algeria and Morocco is going to start exporting its products in European and American markets.

Adil Basoglu, board member and executive director of Etur, explained that the textile factory has fully embarked on production and it will soon start exporting its products to larger overseas markets. The company aims to become the biggest exporter in the nation.

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