Electricity in Ethiopia is relatively cheap costing 4 cents per kilowatt hour. Additionally, as per the African Growth and Opportunity Act (AGOA) with the US, exports from Ethiopia are not limited by quotas or duties, said Indonesian media reports quoting Ade Sudrajat, chairman, Indonesian Textile Association (API).
Some of their members have already invested in Ethiopia's textile sector, said Sudrajat while addressing a discussion on the textile industry.
Close to 124 foreign investors, including 71 from China, are interested in Ethiopia's textile industry, according to the Ethiopian Investment Commission. On the other hand, as per the data from Indonesia's Investment Coordinating Board, investment realisation in Indonesia's textile sector decreased by 7.3 per cent. It earned Rp 8.14 trillion in 2015 and Rp 7.55 trillion in 2016. (KD)
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