Home / Knowledge / News / Textiles / Govt & Turkish JV sets up textile unit
Govt & Turkish JV sets up textile unit
Sep '10
A joint venture, between the Government of Ethiopia and investors from Turkey, has established a new textile unit with an investment of US $78.5 million in Sebeta. It is located at a distance of about 24 km from Addis Abba, which falls under the Oromia Special Zone. This unit will start the manufacturing process in January, 2011.

The industrial unit was named as Saygin Dima Textile Factory, after the Turkish company – Saygin and the region where the unit is located – Dima. It is going to start three units on a plot of land that was approved by the Investment Board of Oromia Regional State. The approval also extended a lease right of 80 years. This was done after the farmers of the region were paid the compensation.

The company plans to set up facilities for spinning, weaving, and dyeing of textile products. The Privatisation and Public Enterprises Supervising Agency (PPESA) owns 60 percent and 40 percent ownership is held by the Turkish company. It is mandatory to ship at least 45-50 percent of its output in the global market.

The Ministry of Trade and Industry (MoTI) targets to raise its revenue from total exports by 50 percent from US $2 billion in the last fiscal year. It also anticipates to generate a lot of revenue from the shipment of both textiles as well as apparels. The textile sector generated an income of $21 million in the last fiscal year, which was 3.9 percent more than that of the 2008/09 fiscal year.

The textile sector is expected to expand by four more textile units together with Saygin which will be operational in the 2010/11 fiscal year. MoTI is expecting to generate $50 million from the functioning of these units.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Marten Alkhagen
Swerea IVF AB

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

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

Robert Brunner

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


July 2017

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

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

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