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China National Textile & Apparel Council, a large-scale textile company, disclosed its interest in investing in Ethiopia.

YCloset, a leading Chinese garment sharing platform, has completed an undisclosed strategic fundraising round from e-commerce giant Alibaba Group Holding Ltd, to better cater to female users' beauty and fashion requirements.

Hanoi (VNA) – Free trade agreements (FTAs) in which Vietnam has joined are great momentum for the domestic garment-textile industry to attract investment, said an official of the Vietnam Textile and Apparel Association (VITAS). 

ITM International Textile Machinery Exhibitions, which brings together the leading brands of the world textile industry, has proved itself to be a “Global Trademark” with the country diversity in terms of the number of participants and visitors.

Being the first-ever trade event in the Philippines to focus on promoting the wearables, textile and leather sectors, the expo served as a venue where 11 local and 70 international companies showcased export-quality products, and connect with investors to discuss business opportunities.

Major Chinese textile companies are stepping up sourcing and investment plans in Ethiopia following a visit to the African country by a delegation of industry representatives organized by the International Trade Centre.

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