Stating that textile industry would play a major role in the industry development strategy of the nation, he said Ethiopia’s textile and clothing industry has been undergoing major development aided by low labour costs and highly motivated work force. “We had given licence to 500 Indian companies to invest in Ethiopia he said and welcomed investors to attend an investors meet to be held on October 20 in Ethiopia. In his address, Ethiopian Textile Industry Development Institute Director General Seleshi Lemma Bekele said Ethiopia has plans to increase power generation to 17,000 MW from 4,370 MW by 2020. Grand Ethiopian Renaissance dam was set to generate an additional 6,450 MW power. Ethiopian Textile and Garment Manufacturers Association president Fassil Taddesse Hailu accompanied them.

Source: Ethiopian News July 20, 2017 18:00 UTC