The Ethiopian Textile Industry Development Institute has announced that the export performance of the textile sector has increased after amassing $75.28 million in the first eight months of the fiscal from international markets. Export performance went up by $9.9 million or 15.1 per cent higher than the same period in the previous year.
The country received majority of export orders from markets like the Europe, US, Asia and Africa. Among several local and foreign-owned companies engaged in the production of textile, the Turkish textile giant, Ayka Addis bagged the major share and has already earned $75.28 million of exported products.
The export components of textile products that were sent to the international markets consist of untailored garments, spine and woven, tailored garments and woven products. Another Turkish giant textile manufacturer, Akber has undertaken the development of biggest textile plant with a total initial capital of $175 million in the Ejere town of the North Shoa Zone, Oromia Regional State. The new factory is expected generate 9,000 to 10,000 jobs, which is larger than any operating textile factory in the nation.
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