×
314
Fashion Jobs
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Bihat-IV
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Bihpur
ZYDUS WELLNESS
Excellent Opening For Area Sales Manager
Permanent · Indore
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Gujrat)
Permanent · Ahmedabad
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager/Jharkhand
Permanent · Lohardaga
CIEL HR SERVICES PVT LTD
Mechanical Maintenance Manager
Permanent · Coimbatore
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Gujrat)
Permanent · Gandhinagar
EARTH BUDDY
Area Sales Manager
Permanent · Gurugram
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (mp)
Permanent · Bhind
ALUDECOR LAMINATION PVT LTD
Area Sales Manager-Agra
Permanent · Agra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager(Haryana)
Permanent · Sonipat
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Rajasthan)
Permanent · Karauli
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Punjab)
Permanent · Batala
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Himachal) All District
Permanent · Dalhousie
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Uttar Pradesh)
Permanent · Sitapur
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Hojai
Permanent · Hojai
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Haryana)
Permanent · Kurukshetra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Haryana)
Permanent · Rewari
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Uttarakhand)
Permanent · Uttarkashi
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (mp)
Permanent · Morena
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Punjab)
Permanent · Tarn Taran Sahib
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager/up
Permanent · Kushinagar
By
Reuters
Published
Nov 9, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ethiopia to launch four more industry parks within two years

By
Reuters
Published
Nov 9, 2015

Ethiopia, which wants to become a hub for light manufacturing industries, plans to build four industrial parks in the next two years investing up to $500 million in each, a senior government official said on Monday.

Offering cheap labour, improving power supply and transport infrastructure, the Horn of Africa country has made strides to attract low-end manufacturing businesses seeking new factory locations as wages soar in China.

The Swedish retailer already started sourcing suppliers in Ethiopia last year


It has so far finalised the construction of the 156-hectare Bole Lemi Industrial Zone south of Addis Ababa. Korean garment-maker Myungsung Textile Company and Taiwan's George Shoe Corporation have operations in the park, which is currently undergoing expansion work.

Another hub in Awassa, a 270-hectare site some 300 kilometres south of Addis Ababa, was set for completion in three months' time.

Trade and industry State Minister Tadesse Haile said studies have been finalised to enable the launch of four more parks in the eastern town of Dire Dawa, Kombolcha and Mekelle in the country's north, and Adama in the capital's south.

"It could cost $500 million per park. But the construction of industrial parks is a good attraction for investment," Haile told Reuters.

"Our target for the coming five years is to be a leader in light manufacturing industry in Africa. This is inevitable," he said.

One of the continent's fastest-growing economies, Ethiopia wants to shift away from farming and agriculture and sees manufacturing as a vital sector to create jobs and maintain high growth.


PVH Corp, which owns brands like Calvin Klein, Tommy Hilfiger and Van Heusen, is set to source garments from the industry zone in Awassa - PVH Corp.


The industrial zones offer land for factories at $1 per square metre a month, tax holidays for up to seven years and customs and other services on site for those investing in the nation of about 90 million people.

Investors are also attracted because the country benefits from the United States' African Growth and Opportunity Act (AGOA) trade pact allowing duty-free exports to the U.S. market.

Among those with a presence in Ethiopia include clothes retailer Hennes and Mauritz (H&M), which is starting to source supplies, as well as U.S.-clothing maker Phillips-Van Heusen Corp which is set to source garments from the industry zone in Awassa.

Taddesse said global retailers Wal-Mart Stores Inc and France's Carrefour had shown an interest to start purchasing from Ethiopia, as well as V.F. Corporation (VF) and Italian garment maker Calzedonia.

"Ethiopia is now catching the attention of the big international buyers and investors," he said.

 

© Thomson Reuters 2021 All rights reserved.