Ethiopian Chamber of Commerce and Sectorial Association (ECCSA) along with Embassy of India and the Synthetic and Rayon Textiles Promotion Council organized a two days exhibition of Indian textiles. The event was organized at the Sheraton Addis Hotel and it was opened on Wednesday, August 13, 2014.

There were 20 Indian textile companies that took part in the exhibition by displaying their products for buyers.

Commenting on the occasion, Shri Srijubi Roy, Joint Director of the Synthetic and Rayon Textiles Promotion Council, said; “Through the Exhibition, we have aimed to strengthen the trade between India and Ethiopia, particularly in the fastest growing man-made textile area. It is a unique platform to meet, connect and develop an excellent network and seek new business opportunities with Indian counterparts”.

He further explained India’s Synthetic and Rayon Textiles industry is currently worth U.S $ 600 Million and exports its products to more than 140 countries all over the world.

On his part Gashaw Debebe, Secretary General of ECCSA, commented; “As a result of the strong bilateral relationship between the two countries, Ethiopia is witnessing multi-billion dollar Foreign Direct Investment (FDI) from India in various sectors of the economy. Thus, the trade and investment relationship between the two countries has shown significant progress”.

He further explained, India is one of the major exporters of Man-Made Fiber (MMF) textiles and self sufficient in production of all types of raw materials required for the industry. Thus, India has a lot to share for Ethiopia’s textile industry. “By joining hands, the business communities of the two nations can benefit much from the untapped textile sector,” he furthered.

Participants at the event noted, Indian Institutions are assisting capacity building in Ethiopia and an increasing number of Indian investors and garments are becoming attracted to the country.

Source: Capital