The Kombolcha Industrial Park which rests over 75 hectares of land currently accommodates 9 manufacturing sheds inside designated for textile and apparel production are close to be fully occupied by foreign textile and apparel manufacturer, according to Ethiopian Investment Commission.
Public Relations Directorate Director with the Commission Mekonnen Hailu said that the companies which entered the sheds are currently training employees both at home and abroad and are expected to kick off production in the near future.
The industrial park has various pivotal roles besides unleashing job opportunities that will further speed up the economic growth of the town.
He added that the park will create job opportunities for over 20,000 citizens of the country and is hoped that the future will be bright to all business community as well as the surrounding farmers.
There is ample opportunity for youth in the town to learn technology and skills from high brand companies that are ready to operate their business currently. He accentuated that means technology transfer is imminent and it is additional asset to the nation that aspires to get a middle income status.
Kombolcha town is situated in a strategic site that has reasonable proximity to the port of Djibouti and for this reason the industrial park would add extra values to the economic development of the town.
The Director stressed that the commitment of the Ethiopian Investment Commission in transforming the nation towards industry-led economy is becoming visible.
Kombolcha Industrial park could provide industrialists an opportunity of acquiring a good location and modern factory accommodations. Also, Kombolcha Industrial park’s closeness to the port of Djibouti is expected to grasp the attention of several international class textile companies. It is an ideal destination to distribute manufactured products to domestic market.
This industrial park is a well-planned park that provides sufficient land space to allow industrialists to expand factory space in the future.
The LYCRA Company has joined forces with Qore, a collaboration between Cargill and HELM, to make the world’s first large-scale…
Pakistani denim manufacturer Soorty has partnered with zero-waste designer Decode to create a modern and sustainable version of the jumpsuit…
Puma released its new Re: Suede 2.0 sneaker after a successful trial study which showed that the footwear could be…
A new supply chain rule, endorsed by the European Parliament, is set to enhance labor and environmental standards in the…
Freitag introduces the Mono[P6], a fully circular backpack developed over three years, crafted from a single material, emphasizing simplicity for…
Hellmann’s Canada collaborates with ID.Eight to unveil a special-edition trainer, ‘1352: Refreshed Sneakers,’ made from food waste materials like corn.