Ethiopian Industrial Input Development Enterprise (EIIDE) says it has allocated over two billion birr, to provide more support for the textile and garment sector to alleviate Input shortages of yarn and cotton.                                       

Asfawesen Alene. CEO, told capital that EIIDE, a public enterprise formed to supply Inputs, for the manufacturing industry, plans to provide hard to find items for the textile industry.                        

 “The small and medium industries have told us that the proposed price for the yarn is high And wasn’t sustainable for business so we so we suspended the bidding process,” he added.

“We know that there is a scarcity of yarn supply so we are negotiating with local textile

Factories that produce yarn to obtain it at a reasonable price,” he explained. He mentioned Ayka and Dire Dawa textile Factories as some of the companies they approached.

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