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.
