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Related Keywords: Armenian textile companies, Armenian textile sector, leather and shoes, textile and apparel, Textile Industry, textile manufacturing factories

In order to stimulate the investments, the Armenian government has implemented numerous assistance programs, which make Armenia an inviting platform for European, Iranian and Asian investors. Due to Armenia’s membership to EAEU, the investors can establish textile manufacturing factories here and export to EAEU member countries with overall population of 183 million people with 0% custom duties.

In addition to mass consumption products Armenian textile companies are also famous for doing subcontracting for world-known brands.

Related Keywords: boost Gross Domestic Product, developing ten mega industrila parks, end-to-end solutions for water treatment, Ethiopia one of the fastest growing economies, Ethiopian Investment Council, generate employment, GoE has embarked on an ambitious Industrialisation drives, Industrial Parks Development Corporation, textile and apparel

Ethiopia is one of the fastest growing economies in the world. GoE has embarked on an ambitious Industrialisation drives that will further boost the country’s Gross Domestic Product and generate employment. Towards this end, the Ethiopian Investment Council (EIC) and Industrial Parks Development Corporation (IPDC) – Government of Ethiopia initiatives – are developing ten mega industrial parks in different regions of the country.

Related Keywords: China share in global export, estimated to decrease, including India to increase exports, Indian exporters edged out of traditional markets, open opportunity for other exporting nations, plan to achieve target, special package announced, textile and apparel, textile sector

With China’s present share in global export of textiles and apparel estimated to decrease from 40% to 33% by 2025 which is likely to open an opportunity of more than US$ 150 billion for other exporting nations including India to increase its exports.

India has mapped strategy to achieve the target of US Dollar 48.5 billion for textile sector in current financial year by announcing the special package of Rs 6,000 crores which will boost the employment generation and export of textile and apparel.