ETHIOPIAN TEXTILE INDUSTRY
|
|
- Cora Lloyd
- 6 years ago
- Views:
Transcription
1 FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA MINISTRY OF INDUSTRY 1
2 ETHIOPIAN TEXTILE INDUSTRY FACTS, OPPORTUNITIES & CHALLENGES Of TEXTILE INDUSTRY DEVELOPMENT IN ETHIOPIA Ministry of Industry, Ethiopia March,
3 The Country s Manufacturing Industry Vision The vision for the Manufacturing sector is to build an industrial sector with the highest manufacturing capability in Africa which is q Diversified, q Globally competitive, q Environmentally friendly, and q Capable of significantly contributing to the improvement of the living standard of the Ethiopian people by the year
4 Textile Sector Vision & Targets q Vision:-The government envisions putting the country as The leading Textile Sourcing Nation in Africa by q Targets:-GTPII-(2014/ ) Textile sector: 1billion US $ export per annum. 152 New investment 174,000 new jobs opportunity 4
5 Industrial Development strategy of Ethiopia. Fundamental pillars of the Industrial Strategy 1. Consides the Private Sector as an Engine of development. 2. Implement Agricultural Development Led Industrialization. 3. Implement Export-led Industrialization. 5
6 4. Focuses on the expansion of labor Intensive Industry. 5.Implementing effective domestic foreign Investment partnership method. 6.Implementing the direction where, the government will play a leading managerial role. 7.Implementing the Principle that encourage the active participation of the public. 6
7 WHY TEXTILE AND GARMENT SUB SECTOR IDENTIFIED AS A PRIORITY q It is labor Intensive, q Low start up investment Cost, q For its high value addition & source of foreign Currency, q For its competitive and comparative advantages, q It has multiple effect for other industries related to the sector etc, q Domestic resource potential (cotton, labor etc) 7
8 History of Ethiopian Textile Industry q The first Ethiopian Textile Manufacturing mill was established back in 1939 in DireDawa Town by the name DireDawa Textile Factory. q The Industry had been growing sluggishly until 1991; by then there were only 19 Textile and Garment factories. q As a result of the free market economy declared in 1991, Textile and Garment manufacturing companies now reached over
9 Current status (M & L) S. No. Area of Operation Number of Factories 1 Ginning 19 2 Integrated Textile Mills 22 3 Spinning 5 4 Weaving and/or Knitting and/or finishing and printing 5 Handloom (medium size) 6 6 Blanket Factory Garment Factory(knitted/woven) 100 Total 176 9
10 STATUS OF THE TEXTILE INDUSTRY Production proportion 10.3% of the total industrial production (cotton production of 10%, fabric and garments production of 90%) No. of companies 163 of cotton plants, 176 of ginning, textile and garments manufacturing companies (2016) Employment 60,000 people (one of the largest employment sources in Ethiopia), >7% of the whole employees in manufacturing industry. GDP 0.6% of GDP, 17% of the whole manufacturing amount, 2.9% of the whole export (2015/16) 10
11 STATUS OF THE TEXTILE INDUSTRY Sales scale Production Exportation Importation Level technology of Average yearly export sales scale of about 100 million US dollars from GTP I Possible to produce natural textile such as cotton, hemp, ramie fabric, linen, bamboo, silk Export to USA has sharply increased by virtue of export benefits customs free/quarter-free under AGOA since 2001 synthetic fiber/thread, wool, dyes are fully imported Basic/intermediate level of Technology Textile machine Textile and garment machineries are imported (from China, Italy, Germany, Japan, Korea, etc.) 11
12 Product Composition / Varity/ q The product range of the sector includes: Lint cotton - stable length 26-30mm Variety of yarns (cotton and cotton blended, acrylic, mélange) Fabrics (cotton & its blend) Blanket (woolen, waste cotton, others) Bed-sheets, Shirts, Carpets, Bags Hosieries (socks, stockings, pantyhose, and tights) Wearing apparels, sweater, etc 12
13 Capacity Created in the Textile Sector S/N Product Type Existing Capacity 1 Lint cotton ( 000ton/annum) Ginning (ton/day) Spinning (ton/day) Weaving ( 000meter/day) Knitting (ton/day) Finishing Knitted (ton/day) 191 Woven ( 000meter/day) Garment Woven ( 000pcs/day) 90 Knitted ( 000pcs/day) 197
14 Opportunities and Incentives for Investment of the Textile Sector in Ethiopia
15 Opportunities q Textile industry is considered as number one priority sector by the Government s Industrial Development Strategy. q Availability of around 3 million hectares of land suitable for cotton cultivation q Huge potential for organic cotton cultivation. q Ethiopia, known as the water tower of Africa, Provides one of the Cheapest environmental friendly hydroelectric power supplies in the world. (3-5 US cents/kwh).
16 q Low cost and easily trainable unskilled labor force, (wages on average 60 USD/month). q Skilled labor in the sector increase rapidly as a result of fast growing education and training institutions in Textile Technology; a large number of TVET Schools and private training institutions.
17 Duty and Quota free Market access to the EU and US as well as COMESA markets. In addition Ethiopia signed more than 16 bilateral trade agreement, which include with China, India, Turkey and Russia. Ethiopia offers one of the largest domestic markets in Africa, given its population size and rapid economic growth.
18 Provision of infrastructure and service furnished specialized Industrial/Economic zones. Easy access to land on a minimal lease English language is widely used in the business sector as it is the medium of instruction in secondary and tertiary schools of the country. Ethiopian Airlines serves in almost every part of the world
19 Industrial Parks /Zone In Ethiopia S/N Name of industry Zone Location From Addis Ababa Developer 1 Addis Industry Village Within Addis Ababa Government 2 Bole Lemi industry Park/Zone (I, II) 15 km east Government (Operational) 3 Eastern industry Park/Zone 37 km east Chinese (Operational) 4 Kilinto industry Park/Zone 20km East Government 5 Kombolcha industry Park/Zone 376 km North East Government 7 Mekele Industry Park/Zone 700km North Government 8 Hawassa Industry Park/Zone km South Government (Operational)
20 Industrial complexes(zones) Bole Lemi Industrial complex ( hectars of land, in which 11 factories are operatinal) Hawassa industrial park (300 hectares of land 37 shades of which 6 domestic investors /renewable/dedicated el. Power supply, Zero Liquid discharge ETP. Will hire citzins20 under two shifts
21 Incentives 1. Investment Incentives a. Tax related incentives:- q 100% Duty free importation of machineries, equipments, construction materials and vehicles (used as capital goods for the investment) as far as it is not producible locally in Ethiopia. q Duty free importation of spare part of 15% of capital investment for the first 5 years of operation. q Ownership Transfer of invested capital goods to third party enjoying similar privilege. q It is possible to hire international expatriates free from income tax as far as they stay for no more than two years. q Reconciliation of VAT for materials purchased locally during the project period is possible if declared in 6 months time.
22 b. Financial Incentives q Development Bank of Ethiopia (DBE) extends a 50% loan against 50% equity contribution in cash by the investor. q DBE s extends loan with an interest rate of 8.5% and with grace period of 5 years. q Co-financing, loan buyout, working capital and international loan repayments out of Ethiopia are some of the services DBE and many of the domestic banks extend to the private sector. q In addition, investments are constitutionally and by law (of Multilateral Investment Guarantee Agency of the World Bank) guaranteed of non commercial risks.
23 2. Operational Incentives a. Tax related incentives:- q Income Tax Holiday for 2-8 years depending on export performance. q Income Tax Holiday up to 15 years depending on export performance for industries in industrial park. q Exemptions of Customs Tax and Duties on raw material through a set of incentive schemes called duty draw back, voucher and bonded manufacturing warehouse.
24 q Refunding of customs tax of locally purchased raw materials used for export q On site/factory custom inspection of imported raw materials and exportable products. q Loss carry forward for maximum of half the income holiday period.
25 b. Financial Incentives:- q Export Guarantee Scheme to help exporters manage their cash flow constraints. q Long term non-collateral loans are also available in many banks on different loan modalities depending on export performances. q Remittance of profit and dividends out of Ethiopia is possible. q State owned logistics enterprises (Ethiopian Shipping Line, Ethiopian Airline, Dry Port Services and Maritime) provide their services at best price. q Training of operators is given free of fee.
26 Challenges q Low productivity of Cotton q Low level of technological as well as managerial capabilities, q Infant industrial working culture and low skill among local workers and managers q Strong competition from other developing countries in terms of attracting investment.
27 Why invest in Textile sector in Ethiopia? q Political and Social stability, q Commitment of Government towards the sector, q Macro-economic stability and growing economy, q Strategic location. Conclusion q Transparent investment law and procedures, q Abundant, competitive & trainable labor force, q Wide market opportunities, q Adequate guarantees & protection, q Ample investment opportunities, 27
28 THANK YOU FOR YOUR ATTENTION!!! 28
Industrial Parks in Ethiopia
Industrial Parks in Ethiopia Incentives Package ETHIOPIAN INVESTMENT COMMISSION CONTENTS Why Invest in Ethiopia? 2 Industrial Parks 4 Industrial Parks Incentives 6 Income tax exemption in industrial parks
More informationProject Profile: Integrated Textile Park at Tilda, Raipur (Chhattisgarh)
Project Profile: Integrated Textile Park at Tilda, Raipur (Chhattisgarh) Introduction India is the one of the world's largest producers of textiles and garments. Abundant availability of raw materials
More informationETHIOPIA. Agribusiness. Procedures and Opportunities
ETHIOPIA Agribusiness Procedures and Opportunities Ethiopia: Country Profile Ethiopia Brief Country Profile Ethiopia: Country Profile Rapid and sustainable economic growth One of the fastest growing economies
More informationINVESTMENT IN TEXTILE IN VIETNAM Presented by: Mr. Nguyen Van Tuan Chairman of Vietnam Cotton and Spinning Association (VCOSA)
INVESTMENT IN TEXTILE IN VIETNAM 2017-2025 Presented by: Mr. Nguyen Van Tuan Chairman of Vietnam Cotton and Spinning Association (VCOSA) 1 Content I. Vietnam Textile Industry 2000 2016 in overview II.
More informationXYZ Textile Co. Valuation: June 2010 Business Plan
NRCI DUNIA REPORT XYZ Textile Co. Valuation: June 2010 Business Plan Dunia Frontier Consultants Norwegian Risk Consulting Intl. NRCI Dunia, LLC 2010 Norwegian Risk Consulting Intl. Dunia Frontier Consultants
More informationIMPACT OF AGOA ON THE TEXTILE INDUSTRY IN MAURITIUS
IMPACT OF AGOA ON THE TEXTILE INDUSTRY IN MAURITIUS Date Prepared: November 2010 Prepared by: Ms. Lilowtee Rajmun Mauritius Export Association Email: lilowtee@mexa.mu With support from: Executive Summary
More informationContact AISA t. +93 (20) f. +93 (20)
New sites for expanded carpet and textile operations Investors in the carpets and textiles sector have more options to consider in locating their factories, warehouses and other facilities. Afghanistan
More informationThe textiles and garments sector: Moving up the value chain
The textiles and garments sector: Moving up the value chain This policy brief is based on the paper, The Textiles and Garments Sector: Moving Up the Value Chain, by Naved Hamid (Lahore School of Economics),
More informationMd. Salim Ullah Senior Assistant Secretary (Policy) Ministry of Industries, Bangladesh
Md. Salim Ullah Senior Assistant Secretary (Policy) Ministry of Industries, Bangladesh Goldman Sachs Included Bangladesh in the Next 11 emerging countries JP Morgan lists Bangladesh among its Frontier
More informationStudy on Impact of Economic slowdown on Indian. Textile and Clothing Industry. June, 2009
Study on Impact of Economic slowdown on Indian Textile and Clothing Industry June, 2009 Table of Contents Table of Contents Section-1 Section-2 Project background & Approach to the study Analysis of Indian
More informationThe Impact of AGOA on Textile and Apparel Industries in Ethiopia
African Cotton and Textile Industries Federation ACTIF The Impact of AGOA on Textile and Apparel Industries in Ethiopia By Endalkachew Sime: Textile Business Consultant Ethiopia Endalkachew Sime Tel. +251911659420
More information127. PROFILE ON THE PRODUCTION OF GRAIN MILL BELT (CONVEYOR BELT OF TEXTILE)
127. PROFILE ON THE PRODUCTION OF GRAIN MILL BELT (CONVEYOR BELT OF TEXTILE) 127-1 TABLE OF CONTENTS PAGE I. SUMMARY 127-2 II. PRODUCT DESCRIPTION & APPLICATION 127-2 III. MARKET STUDY AND PLANT CAPACITY
More informationNANDAN DENIM LIMITED Q2 & H1 FY19 RESULTS UPDATE OCTOBER 2018
NANDAN DENIM LIMITED Q2 & H1 FY19 RESULTS UPDATE OCTOBER 2018 Safe Harbour Statement This presentation and the following discussion may contain forward looking statements by Nandan Denim Limited ( Nandan
More informationNANDAN DENIM LIMITED Q1 FY18 RESULTS UPDATE
NANDAN DENIM LIMITED Q1 FY18 RESULTS UPDATE AUGUST 2017 SAFE HARBOUR STATEMENT This presentation and the following discussion may contain forward looking statements by Nandan Denim Limited ( Nandan Denim
More informationGST TEXTILES SECTORAL SERIES CENTRAL BOARD OF EXCISE & CUSTOMS. Directorate General of Taxpayer Services. Follow
GST SECTORAL SERIES TEXTILES Directorate General of Taxpayer Services CENTRAL BOARD OF EXCISE & CUSTOMS www.cbec.gov.in FAQ: TEXTILES Question 1: As per Chapter 53 heading 5303 of the GST rate schedule,
More informationKINGDOM HOLDINGS LIMITED Stock code: 528.HK Annual Results
KINGDOM HOLDINGS LIMITED Stock code: 528.HK 2016 Annual Results COMPANY OVERVIEW One of the leading linen yarn manufacturers and suppliers in the world; accounted for 36% of the PRC s pure linen yarn export
More informationWRITTEN COMMENTS INV. NO ESQUEL MAURITIUS LIMITED (EML) U.S. TRADE AND INVESTMENT WITH SUB-SAHARAN AFRICA: RECENT DEVELOPMENTS
WRITTEN COMMENTS INV. NO. 332-564 ESQUEL MAURITIUS LIMITED (EML) U.S. TRADE AND INVESTMENT WITH SUB-SAHARAN AFRICA: RECENT DEVELOPMENTS UNITED STATES INTERNATIONAL TRADE COMMISSION FEBRUARY 6, 2018 1 These
More information129. PROFILE ON THE PRODUCTION OF CARPET
129. PROFILE ON THE PRODUCTION OF CARPET 129-1 TABLE OF CONTENTS PAGE I. SUMMARY 129-2 II. PRODUCT DESCRIPTION & APPLICATION 129-3 III. MARKET STUDY AND PLANT CAPACITY 129-3 A. MARKET STUDY 129-3 B. PLANT
More informationTelephone: / / Fax: / /
11 13 October 2017 National Exhibition and Convention Center (Shanghai), China APPLICATION FORM Please complete in block letters, sign & return to: (Please keep a copy for your reference) Messe Frankfurt
More informationSri Lanka The hub of South Asia.
Sri Lanka The hub of South Asia SRI LANKA AT A GLANCE Capital (Commercial) Colombo Capital (Administrative) Sri Jayewardenepura Kotte Area 65,525 sq km Population 21,409,381 (July 2017 est.) Official Language
More informationTelephone: / / Fax: / /
14 16 March 2018 National Exhibition and Convention Center (Shanghai), China Please complete in block letters, sign & return to: Messe Frankfurt (HK) Ltd. 35/F China Resources Building, 26 Harbour Road,
More information94. PROFILE ON THE PRODUCTION OF LEATHER GLOVES
94. PROFILE ON THE PRODUCTION OF LEATHER GLOVES 94-1 TABLE OF CONTENTS PAGE I. SUMMARY 94-2 II. PRODUCT DESCRIPTION & APPLICATION 94-3 III. MARKET STUDY AND PLANT CAPACITY 94-3 A. MARKET STUDY 94-3 B.
More informationImpact of GST on Textile Industry
Impact of GST on Textile Industry -By CA Madhukar.N.Hiregange & CA Mahadev.R The Indian textiles and apparel industry contributes nearly 10% to manufacturing production, 2% to India's Gross Domestic Product
More informationAN INVESTMENT GUIDE TO ETHIOPIA. Ethiopia A Preferred Investment Destination in Africa
AN INVESTMENT GUIDE TO ETHIOPIA Ethiopia A Preferred Investment Destination in Africa B CONTENTS 3 5 6 18 22 23 28 32 Ethiopia at a glance Why invest in Ethiopia? Areas of investment opportunities and
More informationOPPORTUNITIES AND CHALLENGES FOR VIETNAM S TEXTILE AND GARMENT EXPORTS IN TPP AND EU-VIETNAM FTA
OPPORTUNITIES AND CHALLENGES FOR VIETNAM S TEXTILE AND GARMENT EXPORTS IN TPP AND EU-VIETNAM FTA International Trade and Economics Series June 2016 DISCLAIMER We endeavour to report accurate information
More informationNANDAN DENIM LIMITED Q4 & FY16 RESULTS UPDATE. May 2016
NANDAN DENIM LIMITED Q4 & FY16 RESULTS UPDATE May 2016 India is favourably positioned to become a global denim fabric and apparel production hub driven by - Abundant availability of cotton, low cost of
More informationPRESENTATION ON THE INVESTMENT OPPORTUNITIES IN BOTSWANA. Ms Reitumetse Aphiri Executive Director Investment Promotions 27 th February 2013
PRESENTATION ON THE INVESTMENT OPPORTUNITIES IN BOTSWANA Ms Reitumetse Aphiri Executive Director Investment Promotions 27 th February 2013 Contents 1. Botswana Overview Key Figures Macroeconomic Fundamentals
More informationNANDAN DENIM LIMITED Q2 & H1 FY15 RESULTS UPDATE NOVEMBER 2014
NANDAN DENIM LIMITED Q2 & H1 FY15 RESULTS UPDATE NOVEMBER 2014 India is favourably positioned to become a global denim fabric and apparel production hub driven by - Abundant availability of cotton, low
More informationMS-97 MANAGEMENT PROGRAMME
MS-97 MANAGEMENT PROGRAMME Term-End Examination December, 2009 O MS-97 : INTERNATIONAL BUSINESS Time : 3 hours Maximum Marks : 100 Note : There are two sections : A and B. (Weightage 70%) Attempt any three
More informationTextile Economic Intelligence (WEEK ENDING ) NEWS HIGHLIGHTS
Centre for Trade Facilitation and Research in Textiles Textile Economic Intelligence (WEEK ENDING 26-01-2018) NEWS HIGHLIGHTS India to be fastest-growing economy in 2018, 2019: IMF Revised TPP deal known
More informationAVAILABILITY OF REFUND IN TEXTILE SECTOR
DISCLAIMER: AVAILABILITY OF REFUND IN TEXTILE SECTOR The views expressed in this article are of the author(s). The Institute of Chartered Accountants of India may not necessarily subscribe to the views
More informationGHANA FREE ZONES PROGRA MME: Providing a Conducive Investment Environment
GHANA FREE ZONES PROGRA MME: Providing a Conducive Investment Environment COUNTRY PRESENTATION IN ITALY BY ADJOA OBUOBIA DARKO-OPOKU (AG. DEPUTY EXECUTIVE SECRETARY) 1 GHANA AT A GLANCE Country Republic
More informationBanking and Financing in Cambodia
Page 0 Banking and Financing in Cambodia 27 th April 2016 Agenda Page 1 1. Cambodia - Overview 2. SCB Financial Services in Cambodia 3. Our contact information Page 2 1. Cambodia - Overview 1. Cambodia
More informationProduct Designation. Booth Options. Payment Information. Cancellation Policy
January 21-23 2019 Javits Convention Center New York, NY, USA Co-located with ApparelSourcing USA EXHIBIT SPACE APPLICATION Please complete entire contract, sign, and return to: Rachael Pate@usa.messefrankfurt.com
More informationCentre for Trade Facilitation and Research in Textiles
Centre for Trade Facilitation and Research in Textiles Textile Economic Intelligence (WEEK ENDING 04-05-2018) NEWS HIGHLIGHTS Tariffs against China could destroy US jobs: Study US apparel import climbs,
More informationInvestment potential of Samarkand SAMARKAND 2018
Investment potential of Samarkand SAMARKAND 2018 The main facts about Samarkand Area 16.8 thns. km 2. Gold Uranium Population 3,7 million Copper Zinc Gas/oil Density Languages spoken Natural resources
More information1. Introduction 3. Customs and Excise Duties 2. Customs and Excise Clearance General Overview 4. Customs Duties Rebates
1. Introduction This notice is intended to provide an overview of Customs procedures applicable in the Republic of Botswana. The document focuses on the types of rebates that are offered to manufacturers
More informationExports under Preferential Trade Agreements
Exports under Preferential Trade Agreements Presenter: Mr R. NABEE- Team Leader Origin Unit Date: 17-18 July 2017 Overview Preferential Trade Agreements How to determine Rules of Origin Registration of
More information121. PROFILE ON THE PRODUCTION OF HAND MADE PAPER
121. PROFILE ON THE PRODUCTION OF HAND MADE PAPER 121-1 TABLE OF CONTENTS PAGE I. SUMMARY 121-2 II. PRODUCT DESCRIPTION & APPLICATION 121-3 III. MARKET STUDY AND PLANT CAPACITY 121-3 A. MARKET STUDY 121-3
More informationPakistan Export Trends and Structure and Issues of Competitiveness. Dr. Shamshad Akhtar Governor, State Bank of Pakistan
Pakistan Export Trends and Structure and Issues of Competitiveness Dr. Shamshad Akhtar Governor, State Bank of Pakistan Macroeconomic Stability is there to Stay Pakistan compares favorably with peer-group
More informationAN INVESTMENT GUIDE TO ETHIOPIA. Ethiopia A Preferred Investment Destination in Africa
AN INVESTMENT GUIDE TO ETHIOPIA Ethiopia A Preferred Investment Destination in Africa CONTENTS 3 5 6 18 22 23 28 32 Ethiopia at a glance Why invest in Ethiopia? Areas of investment opportunities and incentives
More informationTextile Policy Update. SPESA EXECUTIVE CONFERENCE November 8, 2017
Textile Policy Update SPESA EXECUTIVE CONFERENCE November 8, 2017 National Council of Textile Organizations (NCTO) Mobilizing Support for the U.S. Textile Industry in the 21 st Century The National Council
More informationEAC RESPONSE TO THE PETITION BY SMART FOR AN OUT-OF-CYCLE AGOA ELIGIBILITY REVIEW FOR RWANDA, TANZANIA AND UGANDA
EAC RESPONSE TO THE PETITION BY SMART FOR AN OUT-OF-CYCLE AGOA ELIGIBILITY REVIEW FOR RWANDA, TANZANIA AND UGANDA 1. BACKGROUND The EAC Secretariat has learnt of a notice for a public hearing by the U.S.
More informationCOMMISSION STAFF WORKING DOCUMENT. Implementation of Regulation (EU) No 511/2011. Accompanying the document
EUROPEAN COMMISSION Brussels, 30.6.2016 SWD(2016) 162 final COMMISSION STAFF WORKING DOCUMENT Implementation of Regulation (EU) No 511/2011 Accompanying the document Report from the Commission to the European
More information77. PROFILE ON THE PRODUCTION OF CONVEYOR AND TRANSMISSION BELT OF RUBBER
77. PROFILE ON THE PRODUCTION OF CONVEYOR AND TRANSMISSION BELT OF RUBBER 77-1 TABLE OF CONTENTS PAGE I. SUMMARY 77-2 II. PRODUCT DESCRIPTION & APPLICATION 77-2 III. MARKET STUDY AND PLANT CAPACITY 77-3
More informationFar Eastern New Century Corporation and Subsidiaries
Far Eastern New Century Corporation and Subsidiaries Consolidated Financial Statements for the Six Months Ended and 2014 and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board
More informationRuentex Industries Limited and Subsidiary
Ruentex Industries Limited and Subsidiary Consolidated Financial Statements for the Years Ended December 31, 2004 and 2003 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of Directors
More informationRole of PTAs for Promoting MSMEs Integration in GVCs
Role of PTAs for Promoting MSMEs Integration in GVCs Masato Abe, Ph.D. IEDS, TIID, ESCAP Regional Dialogue on ENHANCING THE CONTRIBUTION OF PREFERENTIAL TRADE AGREEMENTS TO INCLUSIVE AND EQUITABLE TRADE
More informationFar Eastern New Century Corporation and Subsidiaries
Far Eastern New Century and Subsidiaries Consolidated Financial Statements for the Six Months Ended and 2015 and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board of Directors
More information35. PROFILE ON TEXTILE WALL AND FLOOR COVERING
35. PROFILE ON TEXTILE WALL AND FLOOR COVERING 35-2 TABLE OF CONTENT PAGE I. SUMMARY 35-3 II. PRODUCT DESCRIPTION & APPLICATION 35-3 III. MARKET STUDY AND PLANT CAPACITY 35-4 A. MARKET STUDY 35-4 B. PLANT
More informationGST IMPACT ON TEXTILE INDUSTRY
GST IMPACT ON TEXTILE INDUSTRY Published on March 6, 2017 - By CA Madhukar N Hiregange & Adv Naveen Kumar K S Background: The textiles and apparel industry in India accounts for about 10% of manufacture
More informationDoing Business in Myanmar. Aung Naing Oo Director General Directorate of Investment and Company Administration
Doing Business in Myanmar Aung Naing Oo Director General Directorate of Investment and Company Administration Outline 1 2 2 3 4 5 6 7 8 9 Highlight of Myanmar Reforms Investment Laws Special Economic Zones
More informationU.S. Textile and Apparel Trade Policy Update
U.S. Textile and Apparel Trade Policy Update Kim Glas Deputy Assistant Secretary for Textiles and Apparel International Trade Administration U.S. Department of Commerce USA-ITA January 9, 2013 Agenda Trans-Pacific
More informationRabia Latif & Attiya Javed
Rabia Latif & Attiya Javed Exports are engine of growth in economy. Successful experience of NIC s have encouraged other DC s to adopt export promotion strategies. T&C sector has vital role in the economic
More informationEthiopia The Emerging Manufacturing Hub of Africa
Ethiopia The Emerging Manufacturing Hub of Africa Dr. Arkebe Oqubay With the rank of Minister, Head of Economic Sectors Delivery and Support, Office of the Prime Minister, 1 Vision, strategies and performance
More informationTHE IMPACT OF FINANCIAL TURMOIL ON THE WORLD COTTON AND TEXTILE MARKET
THE IMPACT OF FINANCIAL TURMOIL ON THE WORLD COTTON AND TEXTILE MARKET Presented by Paul Morris Chairman of the Standing Committee INTERNATIONAL COTTON ADVISORY COMMITTEE 1999 China International Cotton
More informationAddis Ababa GMT +3. EY +251 (11) Mail address: Fax: +251 (11) P.O. Box Code 1000 Addis Ababa Ethiopia
396 Ethiopia ey.com/globaltaxguides ey.com/taxguidesapp Addis Ababa GMT +3 EY +251 (11) 550-4933 Mail address: Fax: +251 (11) 550-4932 P.O. Box 24875 Code 1000 Addis Ababa Ethiopia Street address: Bole
More informationReliance Chemotex Industries Limited. Investor Presentation June 2017
Reliance Chemotex Industries Limited Investor Presentation June 2017 Safe Habour This presentation and the accompanying slides (the Presentation ), which have been prepared by Reliance Chemotex Industries
More informationMacquarie Greater China Gem Corporate Day Corporate Presentation 9 10 July 2014
KINGDOM HOLDINGS LIMITED Stock code: 528.HK Macquarie Greater China Gem Corporate Day Corporate Presentation 9 10 July 2014 The PRC s largest linen yarn manufacturer and exporter Company Overview One of
More informationFinancial Efficacy of Selected Textile Spinning Mills in India
Volume-8, Issue-1 February 2018 International Journal of Engineering and Management Research Page Number: 125-134 Financial Efficacy of Selected Textile Spinning Mills in India K.Akilandeswari 1 and Dr.
More informationGEORGIA - PROMISING MARKET FOR INVESTMENTS
GEORGIA - PROMISING MARKET FOR INVESTMENTS GEORGIA IS A WINNING COMBINATION Strategically located at the crossroad of Europe and Asia Modern and fast-developing infrastructure Free Trade Agreements with
More informationChandni Textiles Engineering Industries Ltd Sector Industry
Page 1 of 5 Company Profile Chandni Textiles Engineering Industries Ltd, promoted by Mr. Jayesh R Mehta and family, was incorporated on June 17, 1986 as mita Texturizers Private Limited. Its emname was
More informationEU China textile agreement 10 June Memo - Brussels, 12 June 2005
EU China textile agreement 10 June. Memo - Brussels, 12 June The EU and China have agreed a deal that will manage the of Chinese textile imports to the EU until 2008. The agreement on 10 product categories
More informationArt Westneat Private Sector Advisor USAID AFR/SD/EGEA Washington
Art Westneat Private Sector Advisor USAID AFR/SD/EGEA Washington TRADE AND MARKET ACCESS United Nations ECOSOC High-Level Segment Preparatory Meeting March 17-18 2004 ** Talking Points ** BACKGROUND The
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 734.45 Target Price 845.00 WELSPUN INDIA LIMITED Result Update (CONSOLIDATED): Q2 FY16 OCTOBER 24 th 2015 ISIN: INE192B01023 Index Details Stock Data Sector Textiles BSE Code 514162 Face Value
More informationReliance Chemotex Industries Ltd BSE Scrip Code:
Reliance Chemotex Industries Ltd BSE Scrip Code: 503162 Textile - Spinning January 22, 2016 Equity Statistics Current Market Price Rs. 45.5 52 Week High/Low Rs. 57.95/36.10 Market Capitalisation Rs. Crore
More information0 Uganda Fiscal Guide 2015/2016. Tax. kpmg.com
0 Uganda Fiscal Guide 2015/2016 Tax kpmg.com 1 Uganda Nigeria Fiscal Guide 2013/2014 2015/2016 INTRODUCTION Uganda Fiscal Guide 2015/2016 2 Basis of taxation Income tax is levied on both companies and
More informationBATUMI BUSINESS TOUR 27 SEPTEMBER - 01 OCTOBER 2016 BUSINESS TOUR
BATUMI BUSINESS TOUR 27 SEPTEMBER - 01 OCTOBER 2016 BUSINESS TOUR GENERAL INFORMATION ABOUT GEORGIA Area: 69,700 sq km Population: 3.7 mln Life expectancy: 75 years Official language: Georgian Literacy:
More informationEEBC. your partner for success. FEB, 2018 Volume.25
EEBC your partner for success FEB, 2018 Volume.25 EPRDF EXECUTIVE COMMITTEE ACCEPTS PM- HAILEMARIAM'S RESIGNATION RESIGNATION AWAITS COUNCIL'S DECISION final decision to his request awaits decision of
More information95. PROFILE ON THE PRODUCTION LEATHER GOODS
95. PROFILE ON THE PRODUCTION LEATHER GOODS 95-1 TABLE OF CONTENTS PAGE I. SUMMARY 95-2 II. PRODUCT DESCRIPTION & APPLICATION 95-3 III. MARKET STUDY AND PLANT CAPACITY 95-3 A. MARKET STUDY 95-3 B. PLANT
More informationOrbit Exports Limited
Orbit Exports Limited Date: 5 th January, 2016 Stock Performance Details Shareholding Details September 2015 Current Price : ` 387.9^ Face Value : ` 10 per share 52 wk High / Low : ` 494.8 / 302.2 Total
More informationVIETNAM TEXTILE AND APPAREL INDUSTRY REPORT Q2/2018
VIETNAM TEXTILE AND APPAREL INDUSTRY REPORT Q2/2018 1 TABLE OF CONTENTS Contents Page Contents Page ABBREVIATIONS 4 1.4. Textile dyeing 43 SUMMARY 5 1.5. Apparel 47 I. Business environment 7 1.6. Distribution
More informationVI. DEVELOPMENTS IN THE EXTERNAL SECTOR
VI. DEVELOPMENTS IN THE EXTERNAL SECTOR 6.1 Overall Balance of Payments After narrowing in 2004/05, the deficit in the overall balance of payments widened to USD 326 million in 2005/06 from USD 101.4 million
More informationUtilization Guide. for Korea-US FTA
Utilization Guide for Korea-US FTA Sep, 2012 Utilization Guide for Korea-US FTA September, 2012 Textile & Apparel Goods Utilization Guide for Korea-US FTA Contents Chapter What Is FTA? 01 Chapter Tariff
More information- RM Cost Employee Cost Other Cost
Textiles industry topline up, but margins down significantly Overall sales of top companies have increased marginally, while EBITDA margins have declined significantly for, reveals the latest Wazir Advisors
More informationThe Trends of Export and Its Consequences to the GDP of Bangladesh
Journal of Social Sciences and Humanities 2018; 1(1): 63-67 http://www.aascit.org/journal/jssh The Trends of Export and Its Consequences to the GDP of Bangladesh Mohammad Rafiqul Islam 1, Mohaiminul Haque
More information116. PROFILE ON THE PRODUCTION OF CHIP BOARD
116. PROFILE ON THE PRODUCTION OF CHIP BOARD 116-1 TABLE OF CONTENTS PAGE I. SUMMARY 116-2 II. PRODUCT DESCRIPTION & APPLICATION 116-2 III. MARKET STUDY AND PLANT CAPACITY 116-3 A. MARKET STUDY 116-3 B.
More information% One of the world leading players. countries sales. Manufacturing facilities in Egypt (90%), China and the US. years in the industry
Fourth One of the world leading players Europe, 24% Russia & Asia, 3% +30 years in the industry 10 Manufacturing facilities in Egypt (90%), China and the US. America & Canada, 25% Africa, 1% 2Arab Countries,
More informationPBM Polytex Limited. Stock Performance Details Shareholding Details September 2015
PBM Polytex Limited Date: 2 th January, 216 Stock Performance Details Shareholding Details September 215 Current Price : ` 94.2^ Face Value : ` 1 per share 52 wk High / Low : ` 135.9 / 58. Total Traded
More informationEPZs and Impact on Poverty Reduction and Trade Facilitation. Chandana Karunaratne Institute of Policy Studies of Sri Lanka
EPZs and Impact on Poverty Reduction and Trade Facilitation Chandana Karunaratne Institute of Policy Studies of Sri Lanka 1 Outline Overview of EPZs Impact on Poverty Reduction Impact on Trade Facilitation
More informationDownloaded from
CLASS: X: ECONOMICS TOPIC/CHAPTER: Globalization Note: All the examples given in the yellow boxes in this chapter should be learned along with the main answers. SUMMARY: This chapter looks at globalisation
More information126. PROFILE ON THE PRODUCTION OF DECORATION (WALL) PAPER
126. PROFILE ON THE PRODUCTION OF DECORATION (WALL) PAPER 126-1 TABLE OF CONTENTS PAGE I. SUMMARY 126-2 II. PRODUCT DESCRIPTION & APPLICATION 126-2 III. MARKET STUDY AND PLANT CAPACITY 126-3 A. MARKET
More informationCOMPANY PROFILE PASSION FOR RUGS
COMPANY PROFILE PASSION FOR RUGS KETS COMFORT RELIABLE RESPONSIVE FLEXIBLE LONG TERM PARTNER Founded In 1980's, KETS has today become one of the most reputable weaving companies in supplying upholstery
More informationIPO Note on Aman Cotton Fibrous Limited
IPO Note on Aman Cotton Fibrous Limited Key IPO Facts IPO Size (BDT mn) 800.0 IPO Size (Shares mn) 30.0 Cut-off Price 40 Public Offer Price Per Share (BDT) 36 Authorized Capital (BDT mn) 2,000.0 Pre-IPO
More informationPolicy for Industrial Development: A Case Study of the Clothing Industry in Mauritius
Development Policy Research Unit University of Cape Town Policy for Industrial Development: A Case Study of the Clothing Industry in Mauritius DPRU Policy Brief No. 02/P21 March 2002 Industrial Strategy
More informationInvestment Climate & Opportunities in Georgia
GEORGIAN NATIONAL INVESTMENT AGENCY Investment Climate & Opportunities in Georgia May, 2011 Georgian National Investment Agency Georgian National Investment Agency was established in 2002 under Ministry
More informationReliance Chemotex Industries Limited. Investor Presentation December 2017
Reliance Chemotex Industries Limited Investor Presentation December 2017 Safe Habour This presentation and the accompanying slides (the Presentation ), which have been prepared by Reliance Chemotex Industries
More information2010 Interim Results 1
2010 Interim Results 1 Agenda Financial Highlights Business Review Strategies and Plans Open Forum 2 Financial Highlights 3 Financial Highlights 6 months ended 30 June (RMB '000) 2010 2009 Change (%) Turnover
More informationIII. TRADE-RELATED ASPECTS OF INVESTMENT POLICIES. (1) Foreign Direct Investment: General Policy Direction
Page 26 III. TRADE-RELATED ASPECTS OF INVESTMENT POLICIES (1) Foreign Direct Investment: General Policy Direction 1. Singapore's rapid economic growth has been to a large extent due to massive foreign
More informationCentre for Trade Facilitation and Research in Textiles
Centre for Trade Facilitation and Research in Textiles Textile Economic Intelligence (WEEK ENDING 16-03-2018) NEWS HIGHLIGHTS VN garment-textile sector aiming for 10 pc growth this year Picanol Group posts
More informationCan Malaysia Create Better Returns for Global Investors? Dato Richard Azlan Abas Chief Executive Officer MALAYSIAN DIRECTORS ACADEMY (MINDA)
Can Malaysia Create Better Returns for Global Investors? Dato Richard Azlan Abas Chief Executive Officer MALAYSIAN DIRECTORS ACADEMY (MINDA) Can Malaysia Create Better Returns for Global Investors? Malaysia
More informationPresentation on Special Package for Employment Generation & Promotion of Exports & AEPC s Roadmap for Apparel Sector
Presentation on Special Package for Employment Generation & Promotion of Exports & AEPC s Roadmap for Apparel Sector Presentation by Ashok G Rajani, Chairman AEPC thanks Textile Minister, Shri Santosh
More informationRESTRICTED COM.TEX/SB/1637* 5 November 1991 TARIFFS AND TRADE Special Distribution. Textiles Surveillance Body Original: English/ Spanish
GENERAL AGREEMENT ON RESTRICTED COM.TEX/SB/1637* 5 November 1991 TARIFFS AND TRADE Special Distribution Textiles Surveillance Body Original: English/ Spanish ARRANGEMENT REGARDING INTERNATIONAL TRADE IN
More informationAKSA AKRILIK KIMYA SANAYI. November 2012
AKSA AKRILIK KIMYA SANAYI November 2012 1 AKKOK INDUSTRIAL INVESTMENT & DEVELOPMENT INC. Akkok Group Companies CHEMICALS AKSA, AK-KİM, DOWAKSA ENERGY AKENERJİ, SEDAŞ,EGEMER TEXTILES AK-TOPS, AKSA EGYPT
More informationInvestor and Analyst Briefing
Investor and Analyst Briefing 2014 Agenda 1. Welcome and program 2. Market trends and growth 3. Rieter position 4. Strategic focus 5. Outlook Investor and Analyst Briefing 2014 2 Schedule 09.15 10.15 Presentation
More informationTHE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
August 29, 213 THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA STAFF REPORT FOR THE 213 ARTICLE IV CONSULTATION DEBT SUSTAINABILITYANALYSIS Approved By Michael Atingi-Ego and Elliott Harris (IMF) and Jeffrey
More informationInvestment Idea. Alok Industries Ltd. Alok Industries Ltd. INVESTMENT IDEA. 2 February Investment Argument. Recommendation. Risks and Concerns
Web: www.alokindustries.com Risk Price (Rs.) Market Cap (Rs.Crs.) 52 High / Low (Rs.) Sales/MCap Book Value (Rs.) BSE NSE Reuters Bloomberg Public & Others 21% Promoters 36% Technical Trends Share Holding
More informationETHIOPIA. Embassy of The Federal Democratic Republic of Ethiopia Ottawa, Canada Business and economy department.
ETHIOPIA Ethiopia is Known by official name Federal Democratic Republic of Ethiopia (FDRE) and the political system of the Country is federal multi-party system. There are nine regional states and two
More informationNational Export & Investment Agency KAZNEX INVEST Ministry of Investment and Development
National Export & Investment Agency KAZNEX INVEST Ministry of Investment and Development Invest in Kazakhstan Basic Facts National Flag National Emblem Area: 2,724,000km 2 (1,051,742 sq.miles),9 th largest
More informationMade in Ethiopia The Emergence and Evolution of the Ethiopian Apparel Export Sector Staritz, Cornelia; Whitfield, Lindsay
Roskilde University Made in Ethiopia The Emergence and Evolution of the Ethiopian Apparel Export Sector Staritz, Cornelia; Whitfield, Lindsay Publication date: 2017 Document Version Publisher's PDF, also
More information