Home / Knowledge / News / Textiles / American firms mull investing in Ethiopian textile sector
American firms mull investing in Ethiopian textile sector
May '14
President Teshome (R) with Mr. Green/ENA
President Teshome (R) with Mr. Green/ENA
A delegation of investors from the US, led by Mark Green, vice president of Phillips-Van Heusen (PVH) visited industrial zones built different parts of Ethiopia and also met the country’s President Mulatu Teshome in Addis Ababa earlier this week, reports Ethiopian News Agency.
The visiting 40-member delegation comprised representatives of some of the leading global apparel firms like PVH and VF Corporation.
The favourable investment policy in Ethiopia, along with availability of vast human resources and power supply, has caught the attention of western investors, Mr. Green told the President.
The setting up of industrial zones in different parts of the country shows that the Ethiopian Government is determined to bring about structural change in the country’s industrial manufacturing. Hence, American companies are keen on investing in Ethiopian textile and garment sector, he added.
President Teshome said the Ethiopian Government particularly encourages investors engaged in the industrial sector, and added that the American investors would stand to benefit if they seize the opportunity to invest at a time when there is favourable policy and there is abundant labour.
The President noted that Ethiopia is suitable for textile and garment manufacturing as cotton is cultivated in the country on more than three million hectares of land. In addition, the investors would also be able to easily access the US market under the African Growth and Opportunities Act (AGOA) provisions.

Fibre2fashion News Desk - India

Must ReadView All

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...

(left to right) Rohit Munjal, Ashok  Shah, Rahul Mehta, Premal Udani, Rajesh Masand and Jayesh  Shah

Textiles | On 28th Jun 2017

CMAI to host 822 exhibitors at 65th National Garment Fair

The Clothing Manufacturers Association of India (CMAI) will host over ...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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