Ethiopia Aims for 271 Million USD Earning from Textile

For the just started fiscal year, Ethiopia is aiming to make 271 million USD from the export of textile products. Along with the export,

the country plans to create 30,000 new jobs through the textile sub sector.

The target set required more efforts from the private investors coupled with government incentives, State Minister of Industry, Bogale Feleke, explained.

Bogale speaking during annual meeting of stakeholders to evaluate the performance in various industrial sectors, noted limitations in production capacity, product diversification, raw material, market linkage, project delays and lack of export discipline were the major challenges for export performance.

Despite the fact that the performance was low, Ethiopia intended to become the top textile manufacturing and exporting country from the entire continent, the state minister indicated.

Source: Walta Information Center

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