Ethiopia is set to generate $2.3 billion revenue from the export of textile products in GTP II period. Raising competitiveness of textile companies through capacity utilisation, encouraging local and foreign investments, and expansion of industrial parks, would draw this ambitious amount of revenue, believes the country’s government.

In the GTP I period, the textile sector of Ethiopia has $455 million and still, the plan was to acquire $1 million. For this period, 60 percent was contributed by Ayka Addis Textile and Investment Group. In this period, it registered $272.2 million export revenue.

Bahir Dar Textile S C, Bay Kebire Enterprise, Kombolcha Textile S.C., MNS Manufacturing PLC, Adama Spinning Factory, Selendawa Textile S.C., and Elsie Addis Industrial Development PLC had contributed 20 percent share to the export in GTP I.

Ethiopia’s central location, an abundance of inexpensive labour, access to state-of-the-art container port, it’s quality and productivity, good climate and soil conditions, cheap hydro-energy, duty-free access to the European Union (EU) and US markets through the African Growth and Opportunity Act (AGOA), and more than 65 textile investment projects from international investors, among other factors are very strong reasons for Ethiopia to have good export of its textile products.