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Ethiopia attracts Tirupur garment exporters with free land
15 Feb '17
1 min read
A top level Ethiopian government delegation has extended an invite to Tirupur based garment producers to set up an apparel manufacturing facilities in Ethiopia and is offering free land for the same. These investors would get the benefit of preferential tariff benefits of zero import duty, when exporting clothing to markets of the US and EU.
“Ethiopia is an ideal investment destination for Tirupur based apparel exporters as exports from Ethiopia to the US and EU would not attract duty, as against shipping to these destinations from India,” Tadesse Haile, the state minister for exports and investment told a leading daily.
The minister also added that these investors would also benefit from the world’s lowest energy rates, while there is also abundant skilled labour available in the country.
In order to speed up export of cargo, the country has recently started a high speed train between Addis Abba, the capital and Djibouti port, which is well connected to several major importing countries. (AR)
“Ethiopia is an ideal investment destination for Tirupur based apparel exporters as exports from Ethiopia to the US and EU would not attract duty, as against shipping to these destinations from India,” Tadesse Haile, the state minister for exports and investment told a leading daily.
The minister also added that these investors would also benefit from the world’s lowest energy rates, while there is also abundant skilled labour available in the country.
In order to speed up export of cargo, the country has recently started a high speed train between Addis Abba, the capital and Djibouti port, which is well connected to several major importing countries. (AR)
Fibre2Fashion News Desk – India
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