Italian Textile Factory Inaugurated in Tigray

Mekelle October 18/2018 The Italian fashion company ITACA has inaugurated a 15-million USD textile factory at Ashegoda, Tigray Regional State, today. During the inauguration, ITACA CEO Federico Fraboni said the factory has already started exporting clothes to different European countries. The company expects to earn 22 million birr in a month by exporting to the global market. Trade State Minister Mebrahtu Meles said the factory will create job opportunities and contribute to development. Furthermore, the state minister pointed out that this is the type of quality investment Ethiopia needs. Investment Director at Tigray Trade, Industry and Urban Development Bureau, Haftom Fantahunegn revealed that the factory has created 1000 jobs for citizens. He added that two additional textile factories will start production soon.