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Related Keywords: disclosed foreign currency, Ethiopia earned USD 31.2 million, Ethiopian Textile Industry Development Institute, expansion of cotton farming, generated from textile sector, government encouraging foreign investors, HDM has installed its factory in Hawassa, over last three months, steadily growing, textile and garment export

The Ethiopian Textile Industry Development Institute disclosed that the foreign currency generated from the textile sector has been steadily growing. Over the last three months Ethiopia has earned USD 31.2 million from textile and garment export.

The Ethiopian textile products have entered into Germany, Italy, China and United States through AGOA stated Institute Communication Directorate Director Bantihun Gessesse.

Related Keywords: exports to EU United States, Sri Lankan trade deficit, Sri Lankan trade deficit, textile and garment export

Sri Lankan trade deficit for the six months ended June (1H’14) narrowed 20.1 percent to US $ 3.55 billion, driven by exports which grew by 16.8 percent YoY to Rs. 5.44 billion. However, the imports during 1H’14 edged down by only 1.2 percent YoY to US $ 8.99 billion.

Related Keywords: Ajay Shankar Committee, apparel, employment generation, finished products export, home furnishing, Technical textile, textile and garment export, textile vision document

The textile vision document prepared by the Ajay Shankar committee, proposes export of only finished products. This would involve growth rate of apparel, home furnishings, technical textiles and other finished products be grow very rapidly. As it forecast textile and garment exports worth $300 billion by 2024-25.
 

Related Keywords: expert panel, investment, job creation, New national textile policy, Strategy & Action Plan, textile and garment export, Vision

The new National Textiles Policy draft submitted by an expert panel constituted by the government on Monday aims at achieving textile and garment exports growth of $300 billion by 2024-25 from around $39 billion in the last fiscal and also creating additional 35 million jobs by attracting investments.