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and achieved textile industry in ethiopia An average annual growth of 23 percent over the last five years was mainly driven by the availability of cheap labor, raw materials, low energy costs, and stimulating government policies that included full tax exemptions on garment exports to Europe and the United States.
The land suitable for growing cotton is another factor that encourages international companies to move to Ethiopia.
The sector contributes about $600 million of total exports, which average about $2.6 billion annually.
And he said Ethiopian Minister of Industry Malako Alibel said the sector’s revenues exceeded the target set in the budget by more than 20 percent. According to the Ethiopian minister, during the first five months of this year, 80 factories exported their products to international markets.
In fact; Ethiopia has built 13 textile industry parks across the country as part of a strategy to advance economic development and provide job opportunities that reduce unemployment and extreme poverty among a large segment of the population of about 115 million people.
Low labor cost is one of the biggest sources of competition in the textile and clothing industry in Ethiopia.
Economist Daniel Molkita says, "Sky News Arabia" Low labor costs may give Ethiopia an edge over many leading countries in the textile industry.
According to Molegeta, the labor cost in Ethiopia is about 50 percent lower than in India or other Asian countries, and this has prompted many companies to shift their focus to the African country.
and as such; The textile industry in Ethiopia has become a major driver of job creation, and the Bole Lime complexes in the capital Addis Ababa and Hawassa have succeeded; They alone create more than 50,000 jobs.
Samour Gebremichael, the representative of the industrial zone in Hawassa, told "Sky News Arabia" The complex attracted 18 international companies, which contributed to the creation of more than 20,000 jobs for the residents of the area, located 270 kilometers south of the capital.
Ethiopia has been able to benefit from the latest global technologies in the textile industry: however, there is still a need to invest more in training in the use of these technologies.
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and achieved textile industry in ethiopia An average annual growth of 23 percent over the last five years was mainly driven by the availability of cheap labor, raw materials, low energy costs, and stimulating government policies that included full tax exemptions on garment exports to Europe and the United States.
The land suitable for growing cotton is another factor that encourages international companies to move to Ethiopia.
The sector contributes about $600 million of total exports, which average about $2.6 billion annually.
And he said Ethiopian Minister of Industry Malako Alibel said the sector’s revenues exceeded the target set in the budget by more than 20 percent. According to the Ethiopian minister, during the first five months of this year, 80 factories exported their products to international markets.
In fact; Ethiopia has built 13 textile industry parks across the country as part of a strategy to advance economic development and provide job opportunities that reduce unemployment and extreme poverty among a large segment of the population of about 115 million people.
Low labor cost is one of the biggest sources of competition in the textile and clothing industry in Ethiopia.
Economist Daniel Moleta told Sky News Arabia that low labor costs may give Ethiopia an edge over many leading countries in the textile industry.
According to Molegeta, the labor cost in Ethiopia is about 50 percent lower than in India or other Asian countries, and this has prompted many companies to shift their focus to the African country.
and as such; The textile industry in Ethiopia has become a major driver of job creation, and the Bole Lime complexes in the capital Addis Ababa and Hawassa have succeeded; They alone create more than 50,000 jobs.
Samour Gebrimichael, representative of the industrial zone in Hawassa, told “Sky News Arabia” that the complex has attracted 18 international companies, which contributed to creating more than 20,000 job opportunities for the residents of the area, 270 km south of the capital.
Ethiopia has been able to benefit from the latest global technologies in the textile industry: however, there is still a need to invest more in training in the use of these technologies.