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India’s KPR Mills to set up apparel unit in Ethiopia

The Ethiopian government has invited India’s KPR to establish an apparel manufacturing unit in Ethiopia by offering various incentives and concessions. Considering the core competence prevailing there, the Board of Directors soon decided to set up a unit for manufacture of apparels at the Mekelle Industrial Park set up by the Ethiopian Investment Commission.

The Ethiopian textile industry is fast catching up with the other textile countries like Vietnam and Cambodia with low cost of labor, duty-free import of garments from Ethopia to the US and Europe, availability of trainable workforce, proactive Government support, growing economy, special industrial zones and duty-free import.

Also, the Ethiopian government has the available land and building and KPR only needs to install a few machines and start production. This also saves considerable time in terms of construction. Also there is an option to lease the facility which will cut down on the capex. KPR is planning to incorporate a separate subsidiary company in Ethiopia to establish and run the unit.

 

 
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