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Ethiopia aims to generate 30 bln USD from textile sector by 2030

Published on July 25, 2017

Ethiopia has a target to generate 30 billion U.S. dollars in foreign exchange earnings from the textile and garment sector by 2030, according to Bogale Feleke, Ethiopian Deputy Minister of Industry.

The deputy minister made the remarks while addressing a workshop organized to promote Ethiopia's textile industry sector held in Ethiopia's capital Addis Ababa on Monday.

"We intend to increase our area of cotton production. At present, only 20 percent of the three million hectares are used for cotton production while we aim to increase to around 80 percent," local media FBC quoted Feleke as saying. Read more. Source | Xinhua Net