The American PVH Corporation, a clothing company, is to consult with the Ethiopian government as well as investment consultants on the opportunities in Ethiopia, according to a press conference held on Monday, April 28, 2014.

The Reporter has learned from Bill McRaith, Chief Supply Chain Officer at the PVH Corporation, that PVH has seen an encouraging situation in Africa. In fact he compared the situations here in Ethiopia to what he saw in China in the 1990s when he was operating the company there.

Minister of State for Industry, Tadesse Haile, said his country is ready to host giant global companies. He highlighted the double digit growth, dependable energy supply and low inflation rate. He added the nation expects the Grand Renaissance Dam to generate its 6000 Megawatt energy in three years time. He further noted Gilgel Gibe III Dam will start producing 1800 Megawatt in the coming year.

On the other hand McRaith also had things to say about the nation's infra structure and labor rights. Commenting on the infrastructure he said infra structure should come ahead of need. He continued, China is the only country whose infrastructure goes ahead of need”.

PVH Corp. is a global company that owns brands such as Tommy Hilfiger and Calvin Klein.

Source: Reporter