Home / Knowledge / News / Apparel/Garments / Apparel export earnings likely to rise to $1 mn
Apparel export earnings likely to rise to $1 mn
20
Jul '10
Ethiopia has come out with a plan to hike the annual export earnings that it draws by exporting its garments. It intends to hike its export earnings to US $1 billion, over the period of next five years.

The country, intending to attend this mark of export earnings worth $1 billion, has already initialized its efforts on this front.

Industry sources believe that, the nation during the concerned phase would cut down on domestic garment consumption, which almost comes to 90 percent as on date, and would add the same to the export volume.

The revenue target that the country intends to attain over the stipulated period of time comes to almost 40 times that of the revenue of $25 million, reaped by the country in its immediate preceding financial year.

The country for the existing financial year, eyes to generate revenue of $100 million from textile exports.

The sector has shown remarkable development in the last five years, he said. The amount of foreign currency secured from export of garments has reached 25 million US dollars in 2002 EC from only four million USD some eight years ago.

The sector has marked significant growth over the last five years. The foreign currency earned from garment exports has reached $25 million in 2002 EC from merely $4 million, 8 years back.

According to the experts, around 42 medium and high-scale enterprises in Ethiopia, those functional in the textile sector either directly or indirectly, participated in the export trade.

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 29th Mar 2017

Indonesian garment exports to remain stable in 2017: API

Garment exports from Indonesia are likely to remain stable this year...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Myanmar CMP garment exports to touch $2.2bn in 2017

Cutting, making and packaging (CMP) garment exports from Myanmar are...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search