As to the second Growth and Transformation Plan (GTP) , the textile and garment sector is expected to generate 779 million USD at the end of the plan time.
The performance of the sector is improving. For instance, the sector had generated over 89.3 million USD in 2009 EC. Though last year performance surpassed the previous year by 11.3 million USD, it is lower than the budget year target.
The reasons behind for the low performance is attributed to unable to satisfy the international market, the managerial and technical capacity limitations of potential industries, and delay in investment projects as well as related reasons. Read more. Source | Ethiopian Herald