China National Textile & Apparel Council, a large-scale textile company, disclosed its interest in investing in Ethiopia.
President Mulatu Teshome (PhD) discussed matters with a delegation composed of 52 members led by the company's General Manager Sun Ruizhe.
Many Chinese textile entrepreneurs are interested in investing in Ethiopia, according to Ruizhe.
"We have a clear understanding of government policy, high efficiency, incentives and privileges and also the comparative advantage of developing a textile industry in Ethiopia," he said.
The current stability of the country is the reason for a favourable investment attraction, according to Mulatu. The President briefed the delegation on the existing investment opportunities in various areas including textile and apparel sector.