Ethiopia exported US$ 60 million worth of textiles and apparel during the first six months of the fiscal year 2013-14 that began on July 8, 2013, according to the Textile Industry Development Institute (TIDI).
Ethiopia exported US$ 60 million worth of textiles and apparel during the first six months of the fiscal year 2013-14 that began on #
The exports were $15 million higher than the amount earned during the corresponding period of the previous fiscal year, the Ethiopian News Agency reported quoting TIDI director Sleshi Lema.
Ethiopia exported US$ 60 million worth of textiles and apparel during the first six months of the fiscal year 2013-14 that began on #
TIDI is supporting Ethiopian textile and clothing industries to realize the $1 billion target set for the sector during the Growth and Transformation Plan (GTP) period (2010-11 to 2014-15).
Ethiopia exported US$ 60 million worth of textiles and apparel during the first six months of the fiscal year 2013-14 that began on #
However, the performance of the Ethiopian textile and apparel exports during the first three years of GTP period is only $305 million, much below the $637 million envisaged during the period under the GTP.
Ethiopia exported US$ 60 million worth of textiles and apparel during the first six months of the fiscal year 2013-14 that began on #
According to Mr. Lema, shortage of quality cotton is one of the factors that impends the growth of the domestic industry, which relies on import of cotton.
Ethiopia exported US$ 60 million worth of textiles and apparel during the first six months of the fiscal year 2013-14 that began on #
In 2012-13, Ethiopian textile and clothing exports fetched US$ 99 million, which was much lower than the Government target of US$ 357 million for the financial year.
Ethiopia exported US$ 60 million worth of textiles and apparel during the first six months of the fiscal year 2013-14 that began on #
The textile and apparel sector in Ethiopia comprises more than 100 companies.
Ethiopia exported US$ 60 million worth of textiles and apparel during the first six months of the fiscal year 2013-14 that began on #
Fibre2fashion News Desk - India