Local investors wanted
The USD 320 million Hawassa Industry Park partially began operating. However the facility is still struggling to attract local investors.
The park completed a year ago inaugurated its export production in the presence of Prime Minister Hailemariam Dessalegn.
The facility that has 52 factory sheds also has a zero liquid discharge to treat liquid waste recycle it.
Capital learnt that eighteen foreign companies have joined the park to engage in textile and apparel production for the international market. Arkebe Oqubay (PhD), board chairperson of the Industry Parks Development Corporation, said that the park will have one billion dollars in exports within the next two years.
Currently six of the foreign companies have already begun exporting markets in the USA and Europe.
When the park was inaugurated in July last year 37 sheds were constructed at a cost of USD 250 million. This included the USD 30 million zero liquid discharge facility constructed and manages by the Indian Arvind Envisol with a capacity of treating 11 million liters of waste water per day.
The company also agreed with the government to provide the technology and implementation of the zero liquid discharge schemes for other industrial parks. Within a year 15 more sheds costing over USD 70 million were also constructed on the compound.
The government announced that 18 foreign investors were engaged in the park. Arkebe told media that efforts are needed to attract local investors to learn from international manufacturers and work with them.
The government has provided several incentives for local investors to get involved in the Hawassa Park. For instance it will facilitate bank loans for up to 85 for investors to operate in the parks. The other incentive is sharing costs on training and hiring expats. Fourteen additional parks will be constructed in the coming few years.