Home / Knowledge / News / Textiles / PVH Group lays down pre-investment conditions for Ethiopia
PVH Group lays down pre-investment conditions for Ethiopia
11
Sep '14
Phillips-Van Heusen (PVH) Corporation, one of the leading American garment companies, has put forth ten conditions to the Government of Ethiopia, before investing in the garment sector in Ethiopia, Addis Fortune reported.

Officials of the company had visited Ethiopia, along with 27 textile and garment factories from different countries, last month.

The conditions that were laid down by PVH include consideration of tax incentives, logistics issues, and priorities for power supply, and getting a ready-made industrial park.

These prerequisites were discussed in a meeting between the representatives of PVH and the Government of Ethiopia officials, State Ministers for Industry, Sisay Gemechu and Tadesse Hiale, Deputy Commissioner of the Federal Investment Commission (FIC) Likyeleshe Abay and representatives from the Textile Industries Development Institute (TIDI).

Ethiopia wants PVH to invest either in Hawassa or Dire Dawa. However, PVH is keen to invest in the Bole Lemi Industrial Zone in the capital city, according to the report.

The Bole Lemi Industrial Zone has two phases, out of which the first phase has 20 shades on 156 hectares and 5 of them are already given to different companies. The remaining 15 are under construction and already given to 22 companies.

PVH is requesting the Government of Ethiopia to grant a ready-to-use industrial park from the phase two of the zone for all the factories it wants to set up in Ethiopia.

PVH, a global company, owns Tommy Hilfiger, Calvin Klein and Heritage brands. (GK)

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 3rd Aug 2020

Exports must for sustained economic recovery: Mauritian PM

Mauritius must start goods exports for a sustained economic recovery, ...

Pic: Shutterstock

Apparel/Garments | On 3rd Aug 2020

CFA appeals for postponement of partial withdrawal of EBA

The Cambodian Footwear Association has appealed to the European...

Pic: HanesBrands

Apparel/Garments | On 3rd Aug 2020

HanesBrands Q2 FY20: sales $1.73 bn; net income $162 mn

HanesBrands, a US-based global marketer of branded everyday basic...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

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

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Wesly Clements,

Wesly Clements

US-based Baldwin Technology Company is a global manufacturer and supplier...

John Elmuccio,

John Elmuccio

Evolution St Louis is a company setting up a high-tech knitting facility...

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

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

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

Leave your Comments


July 2020

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


Advanced Search