Home / Knowledge / News / Apparel/Garments / Apparel export earnings likely to rise to $1 mn
Apparel export earnings likely to rise to $1 mn
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

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search