KPR Group, an integrated textile manufacturing company from India, inaugurated today its plant built at a cost of $2.5 million at the Mekelle industrial park, Tigray regional state.
KPR made its first apparels export from Mekelle industrial park to the European Union market in January 2019. It has so far exported more than 200,000 units in two-rounds, it was noted at the inauguration ceremony.
Dr Debretsion Gebremichael, Deputy Chief Administrator of Tigray regional state, stated that the inauguration of the plant would contribute a lot is assisting Ethiopia’s industrial transformation.
The company has created employment opportunities for more than 700 people, it was stated.
Meanwhile, Dr Debretsion said a study confirmed the presence of special oil deposit at Ambalage, Nebelet and Adigrat mountainous areas.
He said the special oil will be produced by crashing and melting stones. Efforts will be made to use the resource by inviting global companies as it requires huge amount of investment capital.