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African countries woo investors in Coimbatore
30
Jul '16
Diplomats of seven African countries have invited Coimbatore's trading and industrial community to invest in their countries, in different sectors including textiles.

The diplomats were speaking at a meeting organised by the Confederation of Industry (CII) in Coimbatore on “Africa Seminar Series – the Land of Unexplored Potential”. Two of them particularly highlighted the textiles and apparel sector where Indian companies can invest in their countries.

Mali's ambassador, Niankoro Yeah Samake said Coimbatore is of special interest to his country because cotton is a major export product for the country and Coimbatore is a hub for textile industry. In February 2017, a trade mission from India will visit Mali to explore opportunities in different sectors including cotton in that country.

Minister Counsellor and Charge d' Affairs of the Ethiopian Embassy Molalign Asfaw, pointed out that Ethiopia has registered double digit growth for more than a decade and over 600 Indian companies have registered in the country. Of these, 250 have started operations. He said the country has 12 industrial parks and offers several tax incentives to investors and there are enough opportunities for textiles and apparel industries.

Diplomats from Uganda, Botswana, Tanzania, Zambia and Mauritius underlined the resources in their countries and sought investments in fields such as agro processing, leather, mining, road building, manufacturing etc. (SH)

Fibre2Fashion News Desk – India


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