Welspun interested to invest and join Ethiopian textile industry

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.

Recent Posts

Startup unveils recyclable stretch nylon without elastane

Return to Vendor has announced a major breakthrough for the textile industry, a fully stretchable nylon that is 100 percent…

11 hours ago

European Commission to seek feedback on new rules for textiles

The EC is set to launch a consultation inviting industry stakeholders to share their views on the potential impact of…

11 hours ago

Japan targets to cut clothing waste by 25% by 2030

Japan has announced a faster plan to reduce household clothing waste by 25% by fiscal year 2030, compared with levels…

12 hours ago

SGS to provide PFAS compliance in Softlines

SGS has announced a complimentary webinar titled “Building Trust Through PFAS Conformity in Softlines,” scheduled to take place on January…

1 day ago

France puts ban on PFAS in textiles and footwear

France has officially brought into effect a nationwide ban on per- and polyfluoroalkyl substances (PFAS) in textiles and footwear.

1 day ago

Ecogenesis Biopolymers launches plant-based TPU filament for 3D printing

Materials start-up Ecogenesis Biopolymers has introduced a new thermoplastic polyurethane (TPU) filament for 3D printing that is derived from plants.

2 days ago