Home / Knowledge / News / Textiles / TIDI to export $250mn textiles in Ethiopian fiscal year
TIDI to export $250mn textiles in Ethiopian fiscal year
22
Oct '13
The Ethiopian Textile Industry Development Institute (TIDI) is expecting to earn US$250 million from textile exports in the current Ethiopian fiscal year that began on July 8, 2013, Ethiopian Radio and Television Agency reported.
 
Appraising on the performance of TIDI in last fiscal year to the Industry Affairs Standing Committee with the House of People’s Representatives (HPR), TIDI official also gave a brief about the Institute’s working plan for the ongoing fiscal year.
 
TIDI director general Sileshi Lemma said the Institute had planned to export US$ 113 million worth of textiles last fiscal, but it could only export textiles valued at US$ 101 million, chiefly due to the delay in commencement of new projects.
 
He said TIDI is expecting to export textiles worth US$ 250 million in the ongoing fiscal year.
 
He added that the Ethiopian textile sector is likely to create 8,000 new job opportunities during the ongoing fiscal year.
 
TIDI is one of the catalysts that are seen as helping Ethiopian textile industry achieve its goals, as set by the Government in its Five Years Growth and Transformation Plan (GTP). The plan envisages generating US$ 1 billion from export of textile products by the end of 2015, which would be a big leap from US$ 23.2 million registered in 2010.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Courtesy: Gucci/Pantone

Textiles | On 9th Dec 2016

Pantone announces greenery as colour of the year 2017

Pantone, an X-Rite company and the global authority on colour and...

Textiles | On 9th Dec 2016

Heimtextil to host 230 exhibitors from 28 countries

Close to 230 exhibitors from over 28 countries are expected to...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

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

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Johan Berlin
InvestKonsult Sweden AB

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search