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Welspun interested to invest and join Ethiopian textile industry

YarnsandFibers News Bureau 2017-01-24 16:00:00 – Africa

Welspun India, textile manufacturing company from India which has presence in home textiles, line pipes and infrastructure, shows interest in making investment and joining the Ethiopian textile industry.

The company’s chairman, B. K. Goenka after discussions with Hailemariam Dessalegn, Prime Minister of Ethiopia, on the sidelines of Davos World Economic Forum disclosed.

Welspun also has plans to acquire a shade in one of the industrial parks and commence textile production. Goenka noted, the attention given for the construction of industry parks by the country has made him consider investing in Ethiopia.

Speaking at the occasion, the Chairman explained that he realized the favorable investment environment for the textile industry in Ethiopia.

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