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Haile Selassie I
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Selected Speeches
The Church of Haile Selassie I, Inc.
Chapter X
Indo-Ethiopian Textiles - Inauguration
Apr. 08, 1960
Selected Speeches
Haile Selassie the First - April 8, 1960
It is with pleasure that We inaugurated 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 Minster of
Commerce, Industry and Planning, and those others who have contributed
to the achievement which We see before Us today.
Industrial Development
Ba Beta Kristiyan Haile Selassie I
Ba Beta Kristiyan Haile Selassie I