Over $ 135 mln Obtained From Manufacturing Sector

The Ministry of Industry said more than 135 million US dollars was obtained from manufacturing sector in the first four months of this fiscal year.

Ministry Communications Corporate Directorate Director, Melaku Taye, told WIC that the stated sum was generated from the exports of textile and garment, leather and leather products, meat and dairy products as well as food, beverage and pharmaceutical products.

The revenue earned in the reported period exceeded from the same period last fiscal year by 26.9 per cent, Melaku said.

He indicated that the government is working hard to expand the manufacturing sector with a view to making the sector the main engine of the country’s economy.
As part of the efforts to attract more investors to the sector, the government has been building various industrial zones, he said citing the Bole Lemi industrial zone a case in point.

According to Melaku, the first phase construction of the Bole Lemi industrial zone built at a cost of 671 million birr has been completed. Upon going fully operational, the industrial zone would create jobs for more than 5,000 compatriots, he added.

Ethiopia has set a target to secure 1.3 billion US dollars in revenue from the sector in this budget year, it was learnt.
Source: Walta Information Center (WIC)