Italian fashion company ITACA recently inaugurated a $15-million textile factory at Ashegodain of Tigray state in Ethiopia. The factory has already started exporting clothes to different European countries, according to ITACA chief executive officer Federico Fraboni. The company expects to earn around $794,000 every month through exports.
State trade minister Mebrahtu Meles said the factory will create job opportunities and contribute to development, according to Ethiopian media reports.
Investment director at Tigray Trade, Industry and Urban Development Bureau, Haftom Fantahunegn said the factory has created 1,000 jobs and two additional textile factories will start production soon.