Kanoria African Textiles Plc., a subsidiary of India’s Kanoria Chemicals and Industries, is setting up a denim fabric manufacturing plant that will be a first for Ethiopia and East Africa. This is one of the 577 projects on which Indian investors will be spending US $ 52 billion in Ethiopia, according to data released by the Ethiopian Investment Agency (EIA). Of these, 152 are operational and have created 13,000 permanent and 98,000 temporary jobs across the country. Indian investors have been in the country since 1985. The Kanoria factory when completed in January 2014, will annually produce 12 million metres of denim. The plant will have spinning (1,440 rotors) and weaving (60 looms) units, a dyeing facility and a finishing line in one production, according to the business plan submitted to the Bishoftu administration.
