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Indian Textile Company Interested in doing Business in Ethiopia

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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.

Speaking at the occasion, the Chairman explained that he realized the favorable investment environment for the textile industry in Ethiopia. He also noted, the attention given for the construction of industry parks by the country has made him consider investing in Ethiopia.

Goenka furthered that his company plans to acquire a shade in one of the industrial parks and commence textile production.