Home / Knowledge / News / Textiles / Turkish firm to invest in huge industrial zone
Turkish firm to invest in huge industrial zone
25
Aug '09
A huge industrial zone has been proposed by a Turkish company in the Legetafo area of Oromia province which will be spread out over 1,460 hectares and encompass sectors like textiles, leather, pharmaceuticals and packaging.

It will build a vocational training centre to train new recruits to help the established companies employ trained people, apart from which the industrial complex will also have hospitals and hotels.

According to Chairman of Akgün Construction and Machinery, Mr Yusuf Akgün, which is setting up the industrial complex, “When fully occupied, the estate has the potential to provide employment to a million people”.

The consultancy firm that conducted the feasibility study of the industrial zone said that, this complex will help bring in over US $10 billion to Ethiopia as foreign investors will flock to the industrial zone in huge numbers.

The industrial zone is expected to cost $2 billion and will be the biggest Turkish investment till date. Over 60 Turkish companies have invested $160 million in Ethiopia, with lion's share invested in the textile sector.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

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

Ritu Kumar
Label Ritu Kumar

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
January 2017

January 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