The Ethiopian Investment Commission says that it is exerting efforts to expand foreign industries utilizes local inputs at maximum level.
Industrial parks sector deputy commissioner with the commissioner, Dr Belachew Mekuria told WMC that Ethiopia focuses to attract foreign giant manufacturing companies enable to utilize up to 75 percent of local inputs in its production process.
Dr Belachew noted that recently Ethiopian government gives due emphasis to attract international branded textile and attire manufacturing companies that utilize local raw materials and labor force at higher level to produce exportable products .
According to Dr Belachew, industrial parks established indifferent corners of the country are designed to be centers for semi-processing industries in addition to the globally branded industries engaged in main production process.
Dr Belachew stated that a Chinese input processing company with the capacity to provide the garment for 20,000 shirts per day is established in Hawassa Industrial parks. The commission is striving to attract many more input processing local and global firms to effectively utilize the local large labor forces and raw materials of the country, he reiterated.
Furthermore, Ethiopian investment commission is undertaking activities to expand cotton development involving local and foreign investors in different parts of the country targeting to meet the increasing demand of cotton by huge textile industries operating in the country, he underscored.
Currently, Ethiopia attracts prominent textile industries with its favorable investment policy, sustainable peace and security, investment incentives and large labor force, he inculcated.
Dr Belachew added that the commission has also established a new center of excellency and trainings in collaboration with Germany government to enhance the skills of middle level professionals ready to engage in different industrial parks across the country.
Ethiopia targets to create over 2 mln news jobs at the end of the second GTP period.