Home / Knowledge / News / Textiles / Turkish company to set up textile mill
Turkish company to set up textile mill
27
May '09
Nepsa Textile Plc, which is a subsidiary of one of the major textile producers in Turkey, is opening a factory in Ethiopia with an initial investment capital of ETB 25 million.

According to the Vice Commissioner of the Oromia Investment Commission, Mr. Mohammed Ibrahim, the regional government has already provided a 7.5 hectare plot of land to the company in Sebeta, Oromia zone.

The company is in talks with the officials from Oromia regarding finalizing the deal and starting the construction of the factory in Sebeta, which is a town 25 Km west of Addis Ababa, where there has been a tremendous increase in the number of real estate development, steel manufacturing, textile and other investment ventures.

As per its production program, Nepsa Textile Plc will supply 50 percent of products to the domestic market and will export the other half to the world market, including Turkey.

According to the industry observers, Nepsa Textile's investments in Ethiopia will be beneficial in terms of technology transfer and job creation as it is one of the biggest textile companies in Turkey.

As per the information received from diplomatic sources, Nepsa Textile Company decided to invest in Ethiopia, after a trade delegation from Ethiopia visited Turkey, including officials from the ministry of foreign affairs, who introduced Ethiopia to the business community in Turkey.

The establishment of the biggest textile factory in Ethiopia, Ayka Textile Plc, a subsidiary of one of the giant Turkish textile companies has also been attracting other prospective Turkish investors in Ethiopia.

The number of Turkish investors motivated to invest in Ethiopia is steadily but surely increasing over the last few years.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Textiles | On 22nd Mar 2017

Dyeing textiles with bacteria

As an alternative to toxic synthetic dyes, scientists are exploring...

Courtesy: BCG

Apparel/Garments | On 22nd Mar 2017

Consumption in India to touch $4 trillion by 2025: Report

Consumption in India is likely to triple to $4 trillion by 2025 as...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Ashok Desai
Bombay Textile Research Association

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giorgio Mantovani
Corman S.p.A

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

Prathyusha Garimella
Prathyusha Garimella

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search