Born in beautiful Hanzu near Shanghi China, Anhua Qian has been working in textiles for the last 30 years. He is the owner and the president of ANTEX group. Headquartered in Shaghi, the group has investments in Vietnam, Spain, the United States and Italy and now in Ethiopia. Antex group is the first sportswear and apparel company in Adama Industrial Park. ANTEX group has created job opportunities for seven thousand people worldwide. After the company began producing apparels last October in Adama, the company exported the first batch of products to Italy worth 100 million USD. Capital got a chance to talk with the 55 year old Chinese investor about the textile business. Anhua talk to Capital about his investment in the country.
Capital: What got you interested in textiles?
Anhua Qian: Compared to the other businesses, textiles don’t require a huge investment. The textile industry was the basis of industrialization throughout the world. The industrial revolution that began in Britain was based in the textile industry, the same thing for China, Japan, Taiwan, and Korea, they began their industrialization through textiles. You see 34 years ago textiles made up 40 percent of China‘s exported goods. Now that figure has fallen to 20 percent.