Ethiopia aims to generate $30 bn in foreign exchange earnings from the textiles and clothing sector by 2030, according to Ethiopian state minister of industry Bogale Feleke. Ethiopia, one of the fastest growing economies of Africa, is on the constant effort to increase its cotton production. It is increasing investment scope with the provision of power and labour at an affordable price, said Feleke while speaking at the workshop on investment opportunities in Ethiopian textiles. The workshop was hosted by Ethiopian Investment Promotion and International Trade Centre and The Southern India Mills' Association. After Vietnam, Ethiopia is the second largest country to attract foreign direct investment in textiles, according to World Investment report 2016.

Source: Ethiopian News July 24, 2017 10:52 UTC