Multi-national textile companies have started pitching their tent in Ethiopian textile sector. DBL Group, a Bangladeshi company announced a US $ 30 million investment, which will go into building a textile and garment factory in Mekele City, Ethiopia which will employ around 3,000 locals. According to reports, construction will start by December, this year and production will be delayed till the last quarter of 2015. Recently, a Chinese textile company, Jiangsu Lianfa Textile Co. Ltd unveiled its plan to build a US $ 500 million textile factory in the East African country after making similar pre-investment assessments in Kenya, Uganda, and Tanzania.
