For
the just started fiscal year, Ethiopia is aiming to make 271 million USD from
the export of textile products. Along with the export, the country plans to
create 30,000 new jobs through the textile sub sector.The target set required
more efforts from the private investors coupled with government incentives,
State Minister of Industry, Bogale Feleke, explained.
Bogale
speaking during annual meeting of stakeholders to evaluate the performance in
various industrial sectors, noted limitations in production capacity, product
diversification, raw material, market linkage, project delays and lack of
export discipline were the major challenges for export performance.Despite the
fact that the performance was low, Ethiopia intended to become the top textile
manufacturing and exporting country from the entire continent, the state
minister indicated.
All Pakistan Textile Mills Association (APTMA) Senior
Vice Chairman Zahid Mazhar, on Monday, urged Prime Minister Shahid Khaqan
Abbasi to implement Rs 180 billion Textile Package announced earlier this year,
adding that the high input costs are hitting the viability of the textile
industry.Cotton Intelligence’ is an exclusive service
comprising of various reports on Cotton that will keep you updated on price
trends, market analysis, trade analysis, demand & supply prevailing and
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perspective of cotton market and current price trend from major cotton hubs
like USA, India, Pakistan, and China.
Source: Allafrica.com Friday, 01 September 2017