Hawassa Industrial Park (HIP) generated USD 54 million in textile and garment exports to the global market during the previous fiscal year. This is despite facing challenges, such as the loss of duty-free access to the US market.

Previously, when Ethiopia was part of the African Growth and Opportunity Act (AGOA), the park generated approximately USD 80 million annually. However, with the loss of AGOA benefits, the park has expanded its reach to several countries.

Out of the park’s total earnings, USD 8 million came from textile exports, while the remainder was generated from garment products. The United States, United Kingdom, Germany, France, and various African countries served as the primary destinations for these products.

Currently, the HIP accommodates 22 investors across 44 sheds, with an additional six sheds being prepared for incoming investors. The majority of companies operating in the park are from Asian countries, including China, Bangladesh, India, Indonesia, and Sri Lanka. Additionally, three local investors are also involved in textile and garment production.

Source: The Ethiopian Herald

Image source: Industrial Parks Development Corporation