India ITME Society announces ‘ITME AFRICA 2020,’ with the theme “Prosperity for AFRICA through Textile Technology”.
ITME Africa 2020 is set to initiate a revolution in generating employment, encouraging skill development, motivating entrepreneurship in Textiles, ushering investment, economic growth and thus bringing new aspirations for the younger generation of African countries, 1st edition ITME Africa is to be held in Millennium Hall, Addis Ababa, Ethiopia from 14th to 16th February 2020.
Why Africa, Why Ethiopia?
There is a huge potential for trade expansion between India and Africa. But India’s trade with Africa is concentrated in certain sectors and countries and is mostly dominated by exports of primary commodities. While the potential for export diversification exists, it may not be realized without targeted intervention.
Today India is the 2nd largest Textile industry globally and has a strong Textile engineering base, thus is well-positioned as a partner to improve the productive and export capacities of Africa. With the growing importance of South-South cooperation, India’s expertise can be leveraged to build the textile industry in Africa through the sharing of knowledge, technology.
In this aspect, the United Kingdom of Great Britain and Northern Ireland’s Department for International Development (DFID) directed the International Trade Centre (ITC) to design and implement a project, called ‘Supporting India’s Trade Preferences for Africa’ (SITA) with specific objective of Increasing value of business transactions between India and selected African countries with the ultimate objective to create jobs and income opportunities. This initiative shall benefit East African businesses exporting to India, Indian companies importing from or investing in Africa and national trade and investment support institutions (TISIs). The give and take involves India, Ethiopia, Kenya, Uganda, Rwanda, and The United Republic of Tanzania.
India ITME Society, a non-profit organization with the objective of promoting Trade & Technology in Textile & Textile Engineering Industry has signed an MOU with International Trade Centre (ITC) & Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA).
In a first of its kind joint venture, India ITME Society and Ethiopian Chamber of Commerce and Sectoral Association (ECCSA) a premier organization In Ethiopia, along with International Trade Center bring this unique and exclusive business facilitator opening up an entire continent of new opportunities.
Thus ITME AFRICA 2020 is supported by Ministry of Textiles, Government of India, Federal Republic of Ethiopia, Ethiopian Textile Development Institute and International Trade Centre as Trade & Investment partner.