Ethiopia plans to sign agreements with some of the textile associations here to attract investments and expertise from the Indian textile industry.
Sisay Gemechu Edo, State Minister in Ethiopia’s Ministry of Industry held a meeting with members of the Southern India Mills’ Association (SIMA) here on Wednesday.
He also visited the vendor development programme organised by Coimbatore District Small Industries’ Association and the Micro, Small and Medium Enterprises Development Institute.
Mr. Edo told The Hindu that the focus sectors in his India visit were textiles and commercial agriculture. “We are promoting textile and agro industries to invest in Ethiopia,” he said.
Ethiopia had capacity building agreements with some institutions in India. It planned to have an agreement with the South India Textile Research Association in Coimbatore and with National Institute of Fashion Technology in New Delhi soon. It had initiated talks for similar agreement with the SIMA.
A delegation from SIMA had visited Ethiopia and “We are taking it forward now,” he said.
Ethiopia offered electricity at very low rates, labour, and incentives for those who wanted to invest in the country.
Indian companies had invested in sectors such as sugar mills, tourism and education. Ethiopia had cotton cultivation and land suitable for cotton agriculture. It had 30 textile mills and 50 per cent of these were operated by Ethiopians.
“We want investments from India and Turkey in the textile value chain. Garments can be made in Ethiopia for exports,” he said.
Ethiopia also planned to develop a special economic zone and have SEZ laws, similar to India. These would be finalised in a couple of months, he said.