INDO-ETHIOPIAN TEXTILES INAUGURATED
It is with pleasure that We inaugurate
today the Indo-Ethiopian Textile Factory, which had its inception during Our
State Visit to India in 1956. We laid the cornerstone for this enterprise just
two years ago, and it is pleasing to Us to see that Our people are even now
reaping benefits from it.
The textile industry is one that is basic
to the development of the economy of any country. We have always been
convinced, not only that this particular enterprise will contribute much to the
welfare and betterment of Our people, but that important projects of this sort,
financed in partnership by Ethiopians and by the citizens of friendly nations,
such as India, offer a great and untapped source of wealth which can contribute
greatly to the future development of Our nation. It is obvious that it would be
in the great interest of Ethiopia could its resources be developed mainly
through the utilization of Ethiopian skill and capital. But until such time as
these essential requisites to economic development are available, We welcome
the co-operation and collaboration of people of friendly countries, not only in
projects such as that which We inaugurated today, but in other fields as well.
Such undertakings, We know, can contribute to raising the standard of living of
Our people, and We hope to see an ever-increasing number of enterprises
established in Our Empire.
We
wish to thank again Messrs - Birla and their associates who have energetically
pursued this project to its completion, Our Minister of Commerce, Industry and
Planning, and those others who have contributed to the achievement which We see
before Us today.
Apr.
8, 1960
Selected
Speeches of His Imperial Majesty Haile Selassie – page 527 –
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