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.
Welspun India, textile manufacturing company from India, is interested to invest and join Ethiopia’s textile industry. Such was disclosed by the company’s chairman, B. K. Goenka after he held discussions with Hailemariam Dessalegn, Prime Minister of Ethiopia, on the sidelines of Davos World Economic Forum.
Kanoria Africa Textiles, a sister company to Kanoria Chemicals & Industries Ltd, has set up an integrated Denim fabric manufacturing plant in Bishoftu, Ethiopia.
Indian Trident Group Limited Company, which is a USD 1 Billion Indian Business Conglomerate and a major player in business segments, is set to invest USD 100-200 million capital in Ethiopia to produce an eco-friendly Trident Copier and Writing Paper.
India’s Raymond Ltd Company has concluded an agreement with the Ethiopian Investment Commission to invest in Ethiopia, according to Ethiopian News Agency (ENA).
