New textile projects are expected to go
Ethiopian textile industry seems to be
on an expansion drive and several textile projects and expansion
programmes are likely to become operational this fiscal. In all
there are eight projects, including new and capacity expansion
projects, involving an investment of more than 4.4 billion birr
(225 million USD), which are likely to conclude this fiscal.
Five of the on-going projects being constructed anew, with a
total outlay of 3.4 billion birr, are likely to generate 3,000
new employment opportunities.
There are three other on-going projects for capacity
expansion of existing plants, involving a cost of over one
billion birr, which are likely to generate 1,800 new employment
According to the Ethiopian Textile Development Institute (TDI),
the country exported around US$ 44 million worth of textile and
textile products during the last six months, which is around US$
23 million higher than the revenues generated through exports
during the same period last year.
Kombolcha Textile Share Company, Aika Addis Textile and
Investment Group, Elsie Addis Textile Factory, Almeda Textile,
Ma Textile and Garment Factory and NovaStar Garment Plc were the
major exporters of textile and textile products from the country
over the past six months. Ethiopian textile and textile products
are mainly exported to China, Germany, Sudan, Belgium, Djibouti,
Italy, United Kingdom, Turkey, UAE and the US.