Ethiopia’s industrial parks attracting export-oriented foreign companies
– Ethiopia’s three recently inaugurated Chinese-built industrial parks are attracting export-oriented foreign companies to the east African country’s textile and apparel production setting.The three industrial parks, Hawassa, Mekelle and Kombolcha, were built as part of its efforts to become Africa’s manufacturing hub. Located in southern and northern Ethiopia, they have begun to attract renowned export-oriented foreign companies to Africa’s second populous nation.
The country has a plan to uplift its current close to 150 million U.S. dollars revenue from exporting textile and apparel materials to more than 1 billion dollars.The Chinese-built Hawassa park, some 275 km south of the capital Addis Ababa, which is considered as Ethiopia’s flagship industrial park, has already started bringing in hard currency.
Among the companies that have started their production on its premises is the Hong Kong-based TAL Apparel.
According to Ethiopian Textile Industry Development Institute recent report, close to 1.5 million dollars is being earned in a month from export of textile and garments products from the Hawassa industrial park.