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Ethiopian textile exports fetch $35mn in July-Nov'12
04
Jan '13
Textile exports from Ethiopia earned US$ 35.6 million during the first five months of the ongoing fiscal year that started on July 8, 2012, according to the figures released by the Ethiopian Textile Industry Development Institute (ETIDI).
 
During the five-month period, Ethiopia exported yarn, fabric and readymade garments to the US as well as European, African and Asian countries.
 
Austria, Canada, Japan, Australia, Israel, China and Germany turned out to be the key importers of Ethiopian textiles during the period, ETIDI said.
 
ETIDI pegs Ethiopia’s total exports during the current fiscal at US$ 227.5 million.
 
ETIDI has been set up to help investors willing to invest in the textile sector, and it is accountable for making provision for site for setting up factory, power supplies and financial assistance.
 
At present, around 90 textile units are operational in Ethiopia.
 

Fibre2fashion News Desk - India


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