Ethiopia to invest millions in new textile hub - sportstextiles: Lea SportsTextiles

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Ethiopia to invest millions in new textile hub

09/07/2014
Ethiopia is investing $250 million in a new industrial hub for textiles and in the expansion of an existing site, in a bid to attract Chinese groups seeking a new manufacturing base to counter rising wages in Asia.

Plans are being finalised to expand the Bole Lemi Industrial Zone, on the southern outskirts of the capital Addis Ababa, while a new hub is planned at Kilinto, 30km south.

"Many investors have come to acquire sheds and land and there is a long queue," said Yaregal Meskir, deputy director general of the Ethiopian Industrial Development Zones Corporation. "We prefer labour-based industries like garment manufacturing and shoe manufacturing for exports."

The 156-hectare Bole Lemi has already attracted Korean garment-maker Myungsung Textile Company and Taiwan's George Shoe Corporation.

Taddese Haile, State Minister of Industry, said: "The aim is to see Ethiopia as a globally-known cluster for textiles and garment products."

Related stories:

Indian group to set up new cotton mill in Ethiopia 12/05/2014
Ethiopian textile firm announces $50m expansion 04/04/2014
Turkish group ramps up investment in Ethiopia 01/04/2014
We are in a new phase of sourcing, says IAF 11/03/2014
China’s companies should use African labour, says Ethiopian president 31/01/2014
Growth for Ethiopian textiles 15/11/2013

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