Home / Knowledge / News / Textiles / Italian textile machinery makers to visit Ethiopia
Italian textile machinery makers to visit Ethiopia
27
Jun '13
From 1 to 4 July, a business and institutional mission organized by Italian Trade Promotion Agency and ACIMIT, the Association of Italian Textile Machinery Manufacturers, will be travelling to Ethiopia. The mission is intended to strengthen contacts between Italy’s textile machinery industry and the local textile and garments sector.

Between 2004 and 2010, Ethiopia recorded a GDP growth rate of 11%, ranking among the world’s fastest growing economies. In 2012, GDP growth came in at 7%, and is expected to remain at this level for the coming years. The Country’s textile and garments industry is one of its essential sectors, employing 20% of the nation’s entire workforce, and the Ethiopian government has created a variety of support programs to promote the industry.

In this economic climate, the demand for machinery by local textile manufacturers has grown significantly. Over the past five years, machinery imports to Ethiopia have increased on average by 13% annually. In particular, Italian exports rose 7% annually between 2008 and 2012. The value of Italian exports toward the Ethiopian market amounts to roughly 2 million euros (2012). Italian spinning and finishing machinery are among those most in demand by Ethiopian textile producers.

“Ethiopia is a Country with great prospects that is willing to invest in order to allow its textile sector to continue to grow,” explains Raffaella Carabelli, President of ACIMIT. “The goal of this mission is not just to present what our sector has to offer, but to develop a dialogue with the local authorities for a program of long term cooperation”.

ACIMIT


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search