{"id":8564,"date":"2014-05-19T15:44:45","date_gmt":"2014-05-19T19:44:45","guid":{"rendered":"http:\/\/www.zegabi.com\/articles\/?p=8564"},"modified":"2014-05-19T15:44:45","modified_gmt":"2014-05-19T19:44:45","slug":"ethiopias-textile-industry-booms","status":"publish","type":"post","link":"http:\/\/www.zegabi.com\/articles\/8564","title":{"rendered":"Ethiopia’s textile industry booms"},"content":{"rendered":"

\"\"<\/a>Ethiopia’s clothing sector is experiencing a spate of rapid growth which is set to transform it into one of the most important industries in the country.<\/p>\n

Driven by a conducive regulatory climate, cheap labour and the availability of high quality cotton, some of the world’s most renowned textile manufacturers and retailers are looking to set up shop in Ethiopia.<\/p>\n

Turkish textile manufacturer, Akber, as well as India’s ShriVallah Pittie (SVP) Group have both intimated plans of constructing mills in Ethiopia worth $175 million and $550 million respectively.<\/p>\n

Meanwhile, reports indicate that international retailers Hennes and Mauritz (H&M) and Tesco are also planning to set up in the country.<\/p>\n

Earlier this month, a delegation of United States investors in the clothing industry visited Ethiopia to inspect the country’s financial prospects.<\/p>\n

Mr. Mark Green, the vice-president of Phillips-Van Heusen (PVH), who lead the delegation, revealed that he was impressed by the country’s efforts to industrialize by creating an attractive business environment for investors.<\/p>\n

Reports indicate that the country’s textile industry has impressively garnered about $84 million in the first nine months of this fiscal year.<\/p>\n

Currently, there are over 60 clothing factories and up to 15 textile mills in Ethiopia, according to official sources.<\/p>\n

The Minister for Industry, Sisay Gemechu, has recently disclosed the government’s plans of creating special industrial zones for the textile and leather industry.<\/p>\n

Nonetheless, critics have also called on the government to revise the country’s tax laws and trading regulations.<\/p>\n

Commentators say the world’s major manufacturers are increasingly looking to exploit Africa’s largely unexploited and relatively cheap labour as production costs have sky-rocketed in Asia.<\/p>\n

Photo\/The Government of Ethiopia<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethiopia’s clothing sector is experiencing a spate of rapid growth which is set to transform it into one of the most important industries in the country. Driven by a conducive regulatory climate, cheap labour and the availability of high quality…<\/span> Read more ›<\/a><\/span><\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[44,2872,409,1],"tags":[2921,4967,2920,2923,2925,2926,2922,2927,2924,282],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"_links":{"self":[{"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/posts\/8564"}],"collection":[{"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/comments?post=8564"}],"version-history":[{"count":0,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/posts\/8564\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/media?parent=8564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/categories?post=8564"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/tags?post=8564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}