more-inA team of entrepreneurs representing different industrial segments from Tirupur will soon be embarking on a trip to Ethiopia for exploring the possibilities of setting up production bases there and utilise the preferential tariff advantages which Ethiopia enjoys in global markets. The Confederation of Indian Industry (CII) – Tirupur chapter will be coordinating the journey. D. Venkatesh, vice-chairman of CII (Tirupur chapter) told The Hindu that the three sectors which were keen on having production and subsequent exports from Ethiopia include textiles, farming and food processing. This is because of the many trade advantages the country has in advanced markets like United States”, he said. “The visit will help the interested businessmen to get a first had experience of the situations in Ethiopia”, said Mr. Venkatesh.

Source: The Hindu August 15, 2017 02:28 UTC