Industrial Parks Development Corporation briefed the media on the performance of the first six months of the fiscal year 2014 E.c.
The Explanation was given by Henok Asrat, Head of the Corporation's Marketing and Communication Department, and Tsegaye Zekarias, Head of the Corporation's Planning and Monitoring Department.
The officials explained in detail the major activities of the corporation during the first half of the budget year, the results achieved, the problems encountered and the issues that need to be addressed in the next six months.
In the first half of the budget year, the corporation created 33,371 jobs for 5,469 men and 28,402 women, according to Henok Asrat, head of the corporation's marketing and communication department, with Hawassa accounting for 42.5 percent, Bole Lemi for 26.3 percent, and Adama Industrial Parks accounting for 16.5 percent.
On the other hand, the corporation has been able to produce more than $ 55 million worth of products to the domestic market, reducing the foreign exchange burden and exporting more than $ 80 million worth of products to the domestic market as it is explained and 104 million U.S. dollars export revenues earned from industrial parks during the last six months.
Tsegaye Zekarias, Head of the Corporation's Planning and Monitoring Department, on his part said the corporation has provided more than 32 million birr to the Defense Forces and civilians affected by the war on its social and national responsibilities.
Despite the corporation's strong performance, border enforcement concerns, power outages, and cement shortages remain obstacles, according to Tsegaye. He went on to say that the company profited 30 million birr from its financial crisis the previous year.
Journalists offered clarifying questions during the briefings, and authorities reacted to the points raised.
Since its inception, the Industrial Parks Development Corporation has generated more than $ 850 million in foreign exchange, according to the corporation's records.