Despite Africa facing a sharp fall in global investment, Jiangsu Sunshine Group has decided to expand production in Ethiopia by about a third. The group recently held a recruitment drive in the country that received an overwhelming response. Three batches of 145 Ethiopian undergraduates were recruited for one-year training in China and the first batch went back to Ethiopia in March.
Zhao Jiang, Director-Operations, Sunshine Ethiopia Wool Textile, Jiangsu Sunshine Group feels, the country is rich in human resources with a labor force of over 50 million. It also has abundant water and power resources, without any tariffs when exporting to Europe and America.
The company began considering establishing their first overseas factory in Ethiopia in 2015 to offset the increasing labor cost in the domestic and preferential policies under the BRI.
